Beijing, June 29, 2015
57 Representatives Attend Special Ministerial Meeting on AIIB's Establishment
Special Ministerial Meeting, chaired by Chinese Minister of Finance Lou Jiwei, was held on June 29, 2015, following the Signing Ceremony of the Articles of Agreement of the Asian Infrastructure Investment Bank (AIIB).
Representatives from the Bank's 57 Prospective Founding Members (PFMs) attended the Meeting. Participants were briefed by Mr. Jin Liqun, Secretary General of the Multilateral Interim Secretariat on Establishing the AIIB on the status of preparations for the new Bank, which is expected to be operational by the end of 2015. Meeting participants discussed the Secretariat's work program for the remainder of 2015, financing arrangements for AIIB's start-up, and the membership process, and endorsed a process for selecting a President-designate.
Chinese Premier Li Keqiang sent a written message of congratulations to Meeting Participants.
The AIIB grew from the recognition of the importance of infrastructure to the development of Asia and the need for significant additional long-term financing for infrastructure in the region. The Bank, which will be headquartered in Beijing, will initially have an authorized capital stock of $100 billion. Reflecting regional character of the Bank, its regional members will be the majority shareholders, holding approximately 75 percent of shares. The Bank's foundation will be built on international best practices and the lessons and experiences of the existing Multilateral Development Banks and the private sector.
Representatives from 50 of the Bank's PFMs signed the Articles of Agreement at the June 29 Ceremony. The Articles will be open for signing by the remaining PFMs until the end of 2015.
Additional information on the AIIB, including its Articles of Agreement, is available at www.aiib.org.
More News Articles
Beijing, May 30, 2023
AIIB Supports Multilateral Transport Initiative for Improved Transport Data
The Asian Infrastructure Investment Bank (AIIB) is engaging with the Asian Transport Outlook (ATO) initiative to strengthen the knowledge base on transport in the Asia-Pacific region.READ MORE
Beijing, May 19, 2023
AIIB Appoints a New External Member of its Audit and Risk Committee
The Asian Infrastructure Investment Bank (AIIB) has appointed Teresa Lin as external member of the Audit and Risk Committee (ARC) of the Board of Directors. Lin’s term follows the end of the three-year term of Ai Phing Cheng in April 2023. Elisabeth Stheeman continues to serve as external member to the ARC.READ MORE
Beijing, May 11, 2023
AIIB Issues First Climate Adaptation Bond Targeting Resilient Infrastructure
The Asian Infrastructure Investment Bank (AIIB) has successfully priced its first Climate Adaptation Bond, a thematic bond issued under the AIIB Sustainable Development Bond Framework. The 5-year bond raised AUD500 million, and the proceeds will be allocated to projects that have an estimated climate adaptation finance portion of 20 percent or greater of the total project financing.READ MORE
Beijing/London, April 27, 2023
Research Shows How AIIB-Amundi Climate Change Investment Framework Can Guide Investors
The Asian Infrastructure Investment Bank (AIIB), Amundi and Climate Bonds Initiative (CBI) announce the publication of the Companies and Climate Change report, developed by Fitch Solutions, the Carbon Trust, and CBI. This report presents the first research application of the AIIB-Amundi Climate Change Investment Framework (CCIF).READ MORE