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General
How many projects has AIIB approved?

AIIB’s Board of Directors has approved 35 projects. Project approval was guided by the Bank’s strategic goals and thematic priorities.

How much has AIIB invested in projects?

AIIB has invested USD7.50 billion in 35 projects.

How many members does AIIB have?

AIIB has 87 members and is open to accepting additional members.

Where is AIIB headquartered?

AIIB is headquartered in Beijing, China.

How was AIIB established?

AIIB opened its doors on Jan. 16, 2016, following a 15-month participatory process during which our 57 founding members worked collaboratively to shape our core philosophy, principles, policies, value system and operating platform.

Our foundation is built on the lessons of experience of successful private sector companies and existing multilateral development banks. AIIB aims to create a better tomorrow for billions of people by investing in sustainable infrastructure in Asia and beyond. We are driven by our core values of Lean, Clean and Green.

How many member regions has AIIB invested in?

AIIB has invested in 13 member regions.

Organizational Structure
What is AIIB’s reporting structure?

All powers of the Bank are vested in our Board of Governors, which is the highest decision-making body under our Articles of Agreement.

Our nonresident Board of Directors is responsible for the direction of the general operations of the Bank, exercising all the powers delegated to it by the Board of Governors, among them: approving AIIB’s strategy and annual plan and budget, establishing policies, making decisions concerning the operation of the Bank, supervising the management and the operation of AIIB and establishing an oversight mechanism.

Projects
How do I know when a project will be approved?

Each proposed project listed on the website has a project summary that includes the anticipated date of review by the Board of Directors.

How do I apply for the AIIB Project Preparation Special Fund?

The AIIB Project Preparation Special Fund provides grants to support and facilitate the preparation of an application for funding support.

Please visit the AIIB Project Preparation Special Fund page to learn more about the application process.

How long is AIIB’s project approval process?

There are many factors that determine how long it will take to approve a project.

Please visit the project process page to learn more about the six steps of the project process.

How do I submit a project for funding consideration?

AIIB's project process is guided by its strategic goals and thematic priorities: sustainable infrastructure, cross-country connectivity and private capital mobilization. For more information about the application and approval process, please visit the project process page.

Membership
Is AIIB actively recruiting new members?

AIIB is an open and inclusive multilateral financial institution. Our doors are always open to countries and regions dedicated to promoting economic and social development in Asia. Membership in AIIB shall be open to members of the International Bank for Reconstruction and Development or the Asian Development Bank.

Does AIIB have country strategies for its members?

AIIB does not have country strategies for its members. AIIB will review any project that is aligned with the Bank’s thematic priorities and will bring clear benefits to Asia.

Funding
Which members will receive financial support?

Any AIIB member can submit a proposal for funding. We can lend to members beyond Asia if the project delivers a clear benefit to the region.

What is the difference between sovereign-backed loans and nonsovereign-backed loans?

Sovereign-Backed financing is considered a loan to, or guaranteed by, a member. Nonsovereign-Backed financing includes any financing to or for the benefit of a private enterprise or a subsovereign entity (such as a political or administrative subdivision of a member or a public sector entity) that is not backed by a guarantee or counter-guarantee and indemnity provided by the member to the Bank.

For more information, please visit the financing operations page to learn more about the different types of financing offered by AIIB.

What standards does AIIB follow when co-financing a project?

Any project that might receive funding from AIIB, regardless of whether it is a stand-alone project or a co-financed project, must meet AIIB’s standards and must be financially viable, environmentally friendly and welcomed by local communities. Please see our Environmental and Social Framework for more details about our environmental and social standards.

Career Opportunities
Job Opportunities and Open Positions
1. I want to work at AIIB, where can I find job openings and vacancies? How do I apply for a position?

All vacancies are posted on the Job Opportunities section of our website. Applicants have the option of refining the search based on job function, job title or keywords. Click on "Apply Now" for the job advertisement you are interested in then follow the directions. Either create a new profile or log back in if you’re a returning candidate. For your application to be considered, you will need to complete your candidate profile account information including details on personal information, qualifications, skills and additional information.

2. Does AIIB hire staff only from its members? Are there nationality quotas?

AIIB has a global recruitment strategy to hire the best experts worldwide. All qualified candidates worldwide are welcome to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. There are no nationality quotas and no percentage limits on regional and nonregional hires. AIIB intends to have wide geographic and diverse representation among its staff, with professional and technical competency as paramount criteria.

3. What are the principles governing recruitment?

Recruitment of staff is conducted through a merit-based competitive selection process. Selection will be based on technical competence, experience in related sectors, educational background, etc. AIIB shall strive to provide employment opportunities open to all suitably qualified applicants, regardless of religion, gender, race, disability, sexual orientation or nationality.

4. May I send a CV for potential job opportunities even if there is no job opening?

If you wish to be considered for future opportunities, please create a profile account and indicate your areas of expertise. We recommend you regularly visit our careers page and follow our LinkedIn and Twitter pages to see our latest and upcoming vacancies and identify opportunities that align with your experience and skills.

5. How do I know if you have received my application? Will AIIB inform me about the status of my application?

Once you apply for a position, you will receive an email notification confirming receipt of your application and resumé. Due to the high volume of applications, only candidates shortlisted for a position will be notified. Applicants may view their application status online by logging onto the AIIB Career E-Recruitment Platform.

6. How does the interview process work?

We use competency-based panel interview and online assessment (psychometric testing, written exercise) but there are a variety of other selection tools we use where necessary. You will be given details of any assessment when you are invited for an interview.

7. Typically, how long is the recruitment process?

When the application period ends, the hiring team reviews applications based on the position requirements and your submitted profile. If your application is selected, a member of our hiring team will be in touch to arrange a video interview, a written test (if needed) and an in-person panel interview. If your application is not selected, you will receive an email notifying you of this status. We will keep your resumé in our database in case it matches other opportunities in the future.

The selection process would take 2-3 months. For more senior or in-depth roles, you might meet us on several occasions before we reach a decision. We understand the pressures of looking for work and will do our best to make quick decisions and take decisive action whenever possible. You can always track the status of your application through the AIIB Career E-Recruitment Platform when you log in.

8. Can I still apply if the position I wanted to apply for is no longer listed or the deadline has expired?

We regularly post new positions and remove positions that are no longer open. It is essential to submit your application in the e-recruitment system before midnight GMT+8 of the job posting’s closing date. Regrettably, we are unable to accept late applications.

9. Do you have a contact or email address where I can send my resumé? How can I get further assistance on my application?

Due to the high volume of applications received by AIIB, we are not able to respond to all individual queries as promptly as we would like. We recommend that you read the information provided on our website carefully. If after this you still have a question related to recruitment or AIIB employment matters, you can contact us by completing the online form

We only accept applications submitted via our online recruitment system. Offline paper applications or applications sent via e-mail will not be accepted.

10. Can I apply for multiple positions?

Yes. Please apply for each position of interest that matches your experience and the requirements as specified by the position. Your application will be reviewed against each job for which you apply.

11. What’s the working culture like at AIIB?

We work together to continuously improve our organizational practices so that AIIB staff can express their talents at their best. Lean and green thinking guides all our actions and we work to make AIIB a clean institution practicing the highest ethical standards. We aim to build a diverse community of excellent professionals who drive innovation and question and challenge the status quo for the best results. We welcome diversity of thought and background and our staff are asked to be team players, valuing open and candid exchange of ideas.

12. Does AIIB allow employment of spouse/relatives of staff?

No. To ensure that the highest ethical standards are not compromised by familial relationships, the partner or close relative of an AIIB staff member may not work as staff at the Bank.

13. How will AIIB ensure its staff retain and continuously hone expertise?

AIIB is working on a comprehensive staff knowledge and training program that will offer a menu of options to help staff retain and refresh their skills to best serve AIIB’s clients.

14. What languages are used at AIIB?

AIIB’s official language is English. All the positions require proficiency in oral and written English.

15. Will AIIB have offices in other countries?

AIIB is headquartered in Beijing. In the initial years, the offices will be located at 9 Financial Street, Xicheng District, Beijing. All the jobs are located at our headquarters.

Internship
1. I cannot find vacancies for internships. Do you have an internship program?

AIIB offers eligible students an internship opportunity to acquire direct practical experience in AIIB’s work, guided by AIIB professionals. The internship program runs annually, normally starting between May and July. Each internship assignment lasts 2-3 months and shall not exceed 13 weeks. For more information and application instructions, click here.

2. How many interns does AIIB accept?

The number of interns hired for a given year is approximately 10-15, depending on the needs and capacity of offices to receive and supervise interns.

3. How long does the selection process take?

The selection period for the Summer Internship starts in the first quarter annually. The selection process consists of four main stages: online application, screening of applications, interview and/or written test and offer extension (if applicable).

After your application has been successfully submitted to the system, you will receive confirmation via e-mail. We aim to let all candidates know whether they have been shortlisted several weeks after the application closing date.

4. What is the starting date of internship?

The specific start date will be mutually agreed upon by the candidate and the business department.

5. Are there any part-time internship opportunities?

No. AIIB internship is on a full-time basis. We don’t offer part-time opportunities.

6. Can I apply for internship and the Young Professionals Program (YPP) in the same year?

Candidates must apply for only one program in one year, either internship program or YPP. Please do not apply for more than one program as the application may be invalidated. Choose which of the programs is more appropriate for you prior to submitting the application.

YPP and Internship are two different programs. YPP requires a minimum of two years of full-time, relevant professional work experience (excluding summer jobs and internships). Internship targets students who will return to school after the internship.

7. If I’ve already graduated from university, am I still eligible for the internship program?

Candidates must be enrolled in a master’s or doctorate full-time graduate study programs with plans to return to school in the fall in the case of the Summer Internship. Candidates who have already graduated or are enrolled in a nondiploma program are not eligible.

8. What fields of studies are most in demand by AIIB?

The most common fields of study are: economics, finance, human development, social science, agriculture, environment, private sector development and other related fields that align with AIIB’s mandate.

9. Will I be hired by AIIB after my internship?

Successful candidates may not apply for or be appointed to a contract or full-time equivalent position at AIIB during the period of their internship and for one year immediately following the expiration date thereof.

10. Can AIIB help me with my visa?

Yes. If selected for an internship, AIIB staff will assist you to obtain a visa. Where applicable, expenses associated with the visa application process could be borne by AIIB. If air travel is required between the intern’s school and Beijing for an appointment trip, AIIB will provide round-trip tickets in economy class. Such tickets will be purchased via AIIB’s travel contractor. Interns are legally bound to comply with local laws and customs and AIIB’s Code of Conduct and Staff Regulations.

11. How are interns paid? Does AIIB provide accommodation for nonlocal interns?

All successful candidates will receive a monthly allowance of USD1,800. The stipend is determined through market comparison and may change from year to year in accordance with the budget availability and current market rates. Interns are responsible for their housing and subsistence from their stipend.

Young Professionals Program
1. When is the YPP kicked off every year?

The YPP is held once a year and is open to candidates worldwide. The selection period is August to November each year. Please apply as soon as the application period opens. To be eligible, all basic requirements should be fulfilled at the time of submitting your application.

2. What are the requirements to be eligible for the YPP?

Successful applicants need to have excellent academic records and professional qualifications, demonstrate leadership potential and possess excellent communication, analytical, organizational and interpersonal skills. The YP Program is open to candidates from all countries. For more information and instructions on how to apply, click here.

3. If I apply for the YPP, can I also apply for other AIIB regular staff job openings?

Yes, you can apply for other AIIB job openings provided you meet the education, work experience and language requirements specified in the respective job opening.

4. What are the steps in the selection process?

Upon submitting your application online, you will receive an acknowledgment email to the address you specified.

After the job vacancy closes for applications, the hiring team reviews applications based on the position requirements and your submitted profile. If your application is selected, a member of our hiring team will be in touch to arrange a video interview, a written test and an in-person panel interview. If your application is not selected, you will receive email notifying you of this status. We will keep your resumé in our database in case it matches future openings.

Generally, it takes 2-3 months to complete the selection procedure, starting from the date of publication. We understand the pressures of looking for work and will do our best to make quick decisions and take decisive action whenever possible. You can always track the status of your application through the AIIB Career E-Recruitment Platform when you log in.

5. How does the YPP work?

The YPP will last two years. The program is composed of three rotational assignments of approximately eight months each. During those assignments, YPs will be exposed to a range of tasks and activities primarily in the investment operations, policy and strategy and financial/risk/treasury departments.

Upon joining the Bank, each YP will be assigned an individual mentor (a member of the Bank’s senior staff) who will provide informal support, counsel and mentoring to help YPs adjust to the Bank and Beijing. Mentorship will continue throughout the duration of the program.

6. What type of contract is offered to staff who join the YPP?

YPs admitted to the program will be offered a two-year contract with a competitive salary and benefits package. The first year of the program is probationary. Upon successful completion of the full two-year program, based on performance and institutional needs, high-performing YPs may be offered a three-year renewable staff contract.

7. How many applications do you receive for the YPP?

Every year, we receive thousands of applications for a limited number of positions. It is a highly competitive process, where candidates in general exceed the minimum requirements.

8. Do you have any flexibility in terms of age and educational requirements?

No exceptions will be made on the age limit and educational requirement.

Project Application Process
Who can apply for financing?

We finance projects in the public and private sectors, including those led by member governments, local governments and private companies. Before we finance projects, we assess their economic benefits, social acceptance, environmental soundness and compliance with our strict safeguards, open procurement and anti-corruption policies.

Prospective members will only be eligible for financing after they become a member. Our full list of members and prospective members can be viewed here.

We may, through a super majority vote by the Board of Directors, provide financing to a nonmember, but only if certain requirements are met. For more information about the requirements associated with nonmember financing, please review Article 11 of our Articles of Agreement.

What types of projects does AIIB prefer to finance?

We approach lending, developing our business lines and selecting our projects based on three thematic priorities:

Sustainable Infrastructure
We promote infrastructure and help our members meet their commitments under the Sustainable Development Goals.5 Green finance or the funding of sustainable infrastructure is demonstrated by our investment in projects related to climate mitigation, climate adaptation and other environmental objectives. We refer to green finance as defined by the methodology of the International Development Finance Club (IDFC), formed in 2011 by 23 leading international, national and subregional development banks from Africa, Asia, Europe and Central and South America.

Cross-Border Connectivity
We explore investments that support linkages across two or more economies through transport, communications, energy and water networks. We believe a regional approach to infrastructure planning results in better outcomes and increased value for our investments.

Private Capital Mobilization
We aspire to devise innovative solutions that pool together private capital in collaboration with MDBs, governments, the private sector and other partners. Along with peer MDBs, we are involved in the preparation of the 2017 joint report on mobilization of private finance by MDBs and development finance institutions. In 2017, the total amount of private cofinancing by AIIB was USD561 million, a substantial increase from the USD5 million in private mobilization in 2016. In 2017, we began refining our Strategy on Mobilizing Private Capital for Infrastructure, and in early 2018 the strategy was approved by our Board of Directors. Our strategy will guide our efforts to bridge the growing infrastructure financing gap. Private capital—particularly those from institutional investors—can become a key part of the solution to finance Asia’s infrastructure investment needs over the coming decades. We aim to catalyze these sources. Our strategy identifies and sequences our short- and medium-term priority activities to mobilize private capital and continue addressing Asia’s infrastructure needs.

Will AIIB finance private sector projects?

We may provide or facilitate financing for both public and private sector projects.

What types of financing does AIIB provide?

We provide financing in various ways, including making loans, investing in equity capital and guaranteeing loans for economic development, whether as primary or secondary debtor, in whole or in part. We may also underwrite or participate in the underwriting of securities issued by any entity as long as we stay consistent with our purpose.

We also provide financing through the AIIB Project Preparation Special Fund.

For more information, please visit our Financing Operations webpage.

Does AIIB provide financial aid?

Please note that we do not offer financing under concessional terms.

We have the AIIB Project Preparation Special Fund that provides grants to support and facilitate the preparation of projects to be financed by AIIB in eligible member countries (International Development Association recipients, including International Development Association Blend countries).

In exceptional circumstances, the AIIB Project Preparation Special Fund resources may also be used for preparing innovative/complex projects and regional/cross-border projects that have significant regional impact and benefit other members, or nonsovereign-backed transactions where there is a demonstrable need.

For the criteria and procedures for accessing the AIIB Project Preparation Special Fund, please refer to the Rules and Regulations.

To request access to the resources of the AIIB Project Preparation Special Fund, please visit the project proposal portal first to register and submit a proposal. If the project proposal passes the initial screening, a project team leader will follow up and provide guidance on the formal application process.

Please elaborate on pricing, terms and currency:

  • Pricing. The Loan pricing comprises the interest rate, front-end fee and commitment fee. The interest rate consists of LIBOR and a fixed spread (Lending Spread). The spread ranges from 0.75 percent to 1.40 percent for different maturity categories.
  • Sovereign-backed loan pricing and terms. We determine a final maturity for the loan that is appropriate and consistent with its purpose, subject to an average maturity limit of up to 20 years and a final maturity limit of up to 35 years.
  • Nonsovereign-backed loan pricing and terms: The pricing and terms will be market-based. We do not provide soft loans or subsidized financing. We can provide debt financing of up to 35 percent of the project cost and for up to 18 years tenor. Following a successful inquiry, financial terms can be discussed in detail.
  • Front-end and Commitment Fees: For sovereign-backed loans, We will charge a front-end fee of 0.25 percent of the loan amount and commitment fees of 0.25 percent applied to undisbursed balances. For nonsovereign-backed loans, these fees will be determined according to prevailing market requirements.
  • Currency: For now, all our loans are committed and repayable in United States Dollars.
What project criteria are necessary for applying for financing?

At a minimum, the proposed project must be:

  • Financially viable and profitable.
  • Technically sound.
  • Able to meet our environmental and social standards and those of the host country.
  • Able to provide a direct benefit to the local or regional economy.
Where do I learn more about AIIB’s financing policy and other rules and guidelines relevant to my application?

The following documents provide additional information regarding our financing and the financing application process:

If you have additional questions about the financing application process, please complete our Information Request Form.