Beijing, January 18, 2016
Inaugural meeting of the AIIB’s Board of Directors
The inaugural meeting of the Asian Infrastructure Investment Bank’s Board of Directors was convened in Beijing on January 17, 2016. The Board of Directors is made up of 12 Directors, of which 9 Directors represent regional members and the others non-regional members. Mr. Jin Liqun, President of the AIIB, chaired the meeting.
The Board approved key policies to enable the start of the Bank’s operations. These include: the 2016 Business Plan and Budget, and the Bank’s policies on compensation and benefits, finance and pricing, operational and corporate procurement, financing operations and the Public Information Interim Policy. The Board also discussed the Bank’s proposed environmental and social policy framework, anticipating final approval by late February, and the process and timetable for admitting new members into the Bank.
The AIIB’s Board of Directors serves on a non-resident basis and is expected to meet quarterly.
The AIIB, which will be located in Beijing, will be a new multilateral financial institution designed to provide financial support for infrastructure development and regional connectivity in Asia. The Bank is expected to foster sustainable economic development, create wealth and improve infrastructure connectivity in Asia by investing in infrastructure and other productive sectors. It will also promote regional cooperation and partnership in addressing development challenges by working in close collaboration with other multilateral and bilateral development institutions.
Singapore and Beijing, November 28, 2019
AIIB, Clifford Capital Establish Financial Platform to Provide Institutional Capital Access to Infrastructure Debt Financing
The Asian Infrastructure Investment Bank (AIIB) and Clifford Capital Pte. Ltd. (Clifford Capital) have announced the establishment of Bayfront Infrastructure Management Pte. Ltd.READ MORE
Nur-Sultan, Kazakhstan, November 28, 2019
Signing of the Memorandum of Understanding between AIIB and the Ministry of Energy of the Republic of Kazakhstan
On Nov. 28, 2019, Asian Infrastructure Investment Bank (AIIB) Director General of Investment Operations Yee Ean Pang and the Acting Minister Makhambet Dosmukhambetov of the Ministry of Energy of the Republic of Kazakhstan signed a Memorandum of Understanding (MOU) to enhance the investing environment for renewable energy in Kazakhstan.READ MORE
Islamabad, November 21, 2019
AIIB Commits USD112 Million to Improve Transport and Water Services in Karachi
Residents across Karachi will have greater access to basic services following recent investments by the Asian Infrastructure Investment Bank (AIIB) to improve the city’s transport and water services.READ MORE