Beijing, September 21, 2015
AIIB Multilateral Interim Secretariat and the Asian Development Bank to Deepen Cooperation: Projects for Cofinancing to be Identified
Secretary General Jin Liqun and Asian Development Bank (ADB) President Takehiko Nakao agreed to deepen cooperation, including identifying projects for cofinancing, in a Meeting on 21 September in Beijing.
The Multilateral Interim Secretariat of the AIIB and the ADB have been working together effectively since the formation of the Secretariat in November 2014. Today’s Meeting expanded on discussions initiated earlier this year in Baku, Azerbaijan at ADB’s 48th Annual Meeting on continuing cooperation in supporting the development of sustainable infrastructure in the Asia Region, including discussions on procurement policies and procedures, environmental and social policy frameworks, institutional governance and other issues related to development finance. Mr. Jin noted that he looks forward to visiting ADB and to jointly developing a pipeline for project cofinancing.
President-designate Jin stated that "AIIB appreciates ADB’s support in this formative phase of its development. We look forward to working together with ADB and other development partners to deliver timely and efficient financing to meet critical infrastructure demand in the Asia Region". President Nakao noted, "ADB will be happy to share with AIIB our long experience and expertise in the region, including support for regional cooperation and integration, sustainable and inclusive development, and climate change adaptation and mitigation."
AIIB will be a new multilateral financial institution supporting sustainable infrastructure development and regional connectivity in Asia Region. The Bank’s Articles of Agreement have been signed by 51 of the 57 Prospective Founding Members. The Bank, which will be headquartered in Beijing, is expected to be operational by the end of 2015.
Beijing, China, June 10, 2019
AIIB Approves First Investment in Nepal
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a loan of up to USD90 million for the Upper Trishuli-1 Hydropower Project, AIIB’s first project in Nepal.READ MORE
Beijing, China, May 09, 2019
AIIB reaches new milestone by pricing debut global bond to unlock financing for infrastructure
London, UK - The Asian Infrastructure Investment Bank (AIIB) today priced its first global bond. The five-year bond raised USD 2,500,000,000 and will drive AIIB’s priorities of investing in sustainable infrastructure, developing cross-border connectivity, and promoting Environmental, Social and Governance (ESG) investing in Emerging Asia.READ MORE