The United Nations (UN) has adopted a resolution granting the Asian Infrastructure Investment Bank (AIIB) permanent observer status.
The resolution was passed by UN member states at the Dec. 20, 2018 UN plenary meeting in recognition of AIIB’s close relevance and contribution to the UN’s development mandate. Upon the adoption of the resolution, AIIB will hold a standing invitation to participate in an observer capacity in the deliberations of both the General Assembly and the Economic and Social Council, the two most development-focused principal organs of the UN.
"There is a natural alignment between AIIB’s mission to improve economic development in Asia and beyond and the UN’s development mandate," said AIIB President Jin Liqun. "We welcome this opportunity to deepen our relationship with the UN and enhance our contributions to the Sustainable Development Goals."
AIIB’s Articles of Agreement requires the Bank to work in close cooperation with other development-related international organizations. The General Assembly’s granting of permanent observer status to AIIB will put the Bank on par in the UN system with other development organizations such as the Organisation for Economic Co-operation and Development, the African Development Bank, the Inter-American Development Bank and the Asian Development Bank.
Earlier, the draft resolution was considered by the Legal Committee of the General Assembly and jointly sponsored by more than 50 UN member states earlier this year. It was then recommended by the Committee to the General Assembly and has now been formally adopted. The resolution can be found on the UN website.
About AIIB
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, we began operations in January 2016 and have now grown to 93 approved members worldwide. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.
Washington D.C., April 22, 2024
AIIB, ESM Strengthen Cooperation to Address Global Challenges
The Asian Infrastructure Investment Bank (AIIB) and the European Stability Mechanism (ESM) have renewed their Memorandum of Understanding (MOU) to build on their successful collaboration and further enhance inter-institutional cooperation.
READ MOREWashington, D.C., April 20, 2024
Multilateral Development Banks Deepen Collaboration to Work as a System
The leaders of 10 multilateral development banks (MDBs) today announced joint steps to work more effectively as a system and increase the impact and scale of their work to tackle urgent development challenges.
READ MOREWashington, D.C., April 20, 2024
AIIB, World Bank Strengthen Cooperation on Infrastructure Development and Sustainable Development Goals
The Asian Infrastructure Investment Bank (AIIB) and the World Bank have signed a renewed Memorandum of Understanding (MOU) to enhance collaboration on infrastructure development and support the achievement of the Sustainable Development Goals (SDGs).
READ MOREWashington, D.C., April 20, 2024
10 MDBs Jointly Launch Global Co-financing Platform
In a groundbreaking act of global collaboration, 10 multilateral development banks (MDBs) have joined forces to launch a digital initiative that aims to transform the development finance landscape, potentially unlocking substantial additional financing.
READ MORE