2020 Presidential Election
The process for 2020 presidential election of the Asian Infrastructure Investment Bank was (AIIB) launched May 19, 2020 with the opening of nominations for candidates. The nomination period will close on June 18, 2020 at 6:00 p.m. The election will take place during the Bank’s fifth Annual Meeting of the Board of Governors to be held virtually on Tuesday, July 28, 2020.
The 2020 election will be the second presidential election of the Bank following the first presidential election conducted at the inaugural meeting of the Board of Governors on Jan. 16, 2016 in Beijing, China. The Board of Governors elected Jin Liqun as President of the Bank for a term of office of five years.
The 2020 election and future elections in the Bank are governed by the Rules for the Election of the President, which were adopted by the Board of Governors in December 2019. The Rules establish qualification criteria of the candidates and assurance mechanisms supporting an “open, transparent and merit-based" selection process, as required by the Articles of Agreement. This includes arrangements for nomination, shortlisting, interviews and the conduct of the election itself. It also provides the inclusion of the Bank’s external auditor in the process for the tally of votes.
Each Governor may submit one nomination for the President of AIIB. Candidates must be nationals of a regional member of the Bank. Nominees must be able to demonstrate, among other requirements, a track record of executive leadership, impeccable integrity, and familiarity with infrastructure and international development challenges, with preference for experience in Asia.
The presidential candidate receiving an affirmative vote of two-thirds of the total number of Governors, representing not less than three-fourths of the total voting power of the members shall be declared the next President of AIIB. The election results will be announced by the Chair of the Board of Governors during the fifth Annual Meeting.
The five-year term of the newly elected President will commence on January 16, 2021.
The details of the steps of the election is provided in the Process for Election of the President.