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, April 21, 2021
First Meeting of the Heads of the Multilateral Development Banks 2021
Asian Infrastructure Investment Bank’s (AIIB) President Jin Liqun chaired the first meeting in 2021 of the Heads of the Multilateral Development Banks (MDB) today.READ MORE
Beijing, April 21, 2021
AIIB Launches Sustainable Development Bond Framework
Today, the Asian Infrastructure Investment Bank (AIIB) launched a new framework to help the investor community better assess how the Bank is living up to its sustainability commitments.READ MORE
Beijing, April 06, 2021
AIIB and EBRD streamline co-financing procedures
The Asian Infrastructure Investment Bank (AIIB) and the European Bank for Reconstruction and Development (EBRD) are streamlining their cooperation to promote economic development and investment across countries where both institutions are active.READ MORE