China, January 16, 2016
AIIB's Charter Enters into Force On 25 December 2015
The Articles of Agreement of the Asian Infrastructure Investment Bank, dated June 29, 2015, entered into force on December 25, 2015.
The treaty depository, China’s Ministry of Foreign Affairs, confirmed that instruments of ratification have been deposited by 17 Signatories of the Articles of Agreement with initial capital subscriptions totaling 50.1% of the shares allocated. Entry into force under Article 59 of the Articles of Agreement required deposit of such instruments by at least 10 Signatories with at least 50% of the shares allocated.
The inaugural meeting of the Board of Governors of the Asian Infrastructure Investment Bank will be held on January 16 and 17, 2016. At that meeting, the Board of Governors will announce the commencement of operations, in accordance with Article 60 of the Articles of Agreement.
The Board of Governors will also formally elect the Board of Directors and the President. The Board of Directors will hold its first meeting in the days after the Board of Governors meeting.
Fifty-six prospective members have signed the Articles of Agreement since it was opened for signature on June 29, 2015. Remaining Signatories that have not yet deposited their instruments of ratification are expected to do so by December 31, 2016, and become members thereafter.
Multilateral Interim Secretariat
For Establishing the Asian Infrastructure Investment Bank
December 25, 2015
Beijing, April 28, 2017
Mr. Jan Engström and Mr. Chaly Mah Have Been Appointed as External Members of AIIB’s Audit Committee
The Asian Infrastructure Investment Bank announced today that Mr. Jan Engström and Mr. Chaly Mah have been appointed by President Jin Liqun as external members of the Audit Committee of the Board of Directors. The innovative combination of the board directors and the external members as members of the Audit Committee is designed to enhance good governance and accountability within the Bank.READ MORE
Beijing, April 27, 2017
AIIB Invites the Public to Help Design Its Complaints Handling Mechanism
The Asian Infrastructure Investment Bank announced today that its independent Compliance, Effectiveness and Integrity Unit (CEIU) is inviting the public to submit recommendations on the design of the AIIB Complaints Handling Mechanism.READ MORE
Washington, April 23, 2017
World Bank and AIIB Sign Cooperation Framework
World Bank Group President Jim Yong Kim and Asian Infrastructure Investment Bank President Jin Liqun today signed a memorandum of understanding to strengthen cooperation and knowledge sharing between the institutions.READ MORE