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.
Beijing, May 12, 2022
AIIB, OPEC Fund Advance Partnership for Global Infrastructure Funding
The Asian Infrastructure Investment Bank (AIIB) and the OPEC Fund for International Development (the OPEC Fund) have signed a Memorandum of Understanding (MOU) to expand their operational and strategic cooperation to finance global public and private sector projects, promoting sustainable, resilient and high-standard infrastructure development.READ MORE
Beijing, May 11, 2022
AIIB Signs USD200M On-lending Facility to Support Sustainable Infrastructure Development in Bangladesh
The Asian Infrastructure Investment Bank (AIIB) and the Government of Bangladesh have signed a USD200-million on-lending facility to Infrastructure Development Co. Ltd (IDCOL) to finance infrastructure projects in Bangladesh, marking AIIB’s first investment through a financial institution into infrastructure in the country.READ MORE