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.
Beijing, China, June 10, 2019
AIIB Approves First Investment in Nepal
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a loan of up to USD90 million for the Upper Trishuli-1 Hydropower Project, AIIB’s first project in Nepal.READ MORE
Beijing, China, May 09, 2019
AIIB reaches new milestone by pricing debut global bond to unlock financing for infrastructure
London, UK - The Asian Infrastructure Investment Bank (AIIB) today priced its first global bond. The five-year bond raised USD 2,500,000,000 and will drive AIIB’s priorities of investing in sustainable infrastructure, developing cross-border connectivity, and promoting Environmental, Social and Governance (ESG) investing in Emerging Asia.READ MORE