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, July 18, 2017
AIIB Receives Third Triple-A Credit Rating
S&P Global Ratings ("S&P") announced it has assigned the Asian Infrastructure Investment Bank (AIIB) its highest possible rating and a stable outlook. According to its press release, S&P has provided its 'AAA/A-1+' long- and short-term issuer credit ratings to AIIB.READ MORE
Beijing, July 13, 2017
AIIB Receives Second Triple-A Credit Rating
Fitch Ratings ("Fitch") announced it has assigned the Asian Infrastructure Investment Bank (AIIB) its highest possible rating and a stable outlook. According to its press release, Fitch has provided AIIB with a long-term issuer default rating of ‘AAA’ and a short-term issuer default rating of ‘F1+’.READ MORE
Beijing, July 05, 2017
Millions of Villagers in Gujarat, India to Benefit from New Investment
Yesterday, the Board of Directors of the Asian Infrastructure Investment Bank (AIIB) approved a loan of US$329 million to build access roads to approximately 4,000 villages in all 33 districts of Gujarat, India. Insufficient road connectivity into these villages limits their ability to access healthcare services, bring their goods to market and access transportation for their children to attend school. This project will construct and upgrade district and farm-to-market roads for the villagers and provide approaches to educational institutions, schools and hospitals. The upgraded road access is expected to have a positive impact on women and girls by improving school attendance rates for girls who currently drop out of school due to a lack of access to all weather roads.READ MORE