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, December 11, 2017
AIIB Invests to Reduce Coal Use and Improve Air Quality in Beijing
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a US$250-million loan for a project that will reduce China’s coal use by about 650,000 tons annually through connecting about 216,750 households in approximately 510 rural villages to the natural gas distribution network.READ MORE
Oman, December 11, 2017
AIIB invests in nationwide fiber broadband network in Oman
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved up to US$239.2-million in senior debt to develop communications infrastructure that will help Oman shift its economy away from a reliance on the export of hydrocarbons.READ MORE
Beijing, October 23, 2017
AIIB Taps International Experts for Strategic Advice
Asian Infrastructure Investment Bank (AIIB) President Jin Liqun and senior members of his team received strategic and actionable advice on AIIB’s long-term business model and how to navigate the global context of multilateral lending.READ MORE