China, December 31, 2016
AIIB Project Preparation Special Fund is Open to Proposals
The AIIB Project Preparation Special Fund (the Fund) was established as a multi-donor fund on June 2016, with initial financial support from the People’s Republic of China in the amount of USD 50 million. The Bank has received the first installment payment.
The Fund will provide grants to support and facilitate the preparation of projects to be financed by the Bank in eligible member countries (International Development Association recipients, including International Development Association Blend countries). It will mainly benefit the preparation of sovereign backed projects undertaken by national governments or local governments. In exceptional circumstances, Fund resources may also be used for preparing innovative/complex projects, regional/cross-border projects that have significant regional impact and benefit other members or non-sovereign backed transactions where there is a demonstrable need. For criteria and procedures for using the Fund, please refer to the Rules and Regulations of the AIIB Project Preparation Special Fund approved by the Board of AIIB on June 24, 2016 (link to the Policy).
Eligible clients in need of the resources of the Fund may consult with the Project Team Leader of the project which is being considered by AIIB and submit application for consideration. A template of AIIB Project Preparation Special Fund for the clients with instructions is attached.
Questions on the Fund should be addressed to email@example.com.
Annex: Template of Application for AIIB Project Preparation Special Fund
Beijing, China, August 27, 2018
AIIB Opens Public Consultation on Draft Sustainable Cities Strategy
The Asian Infrastructure Investment Bank (AIIB) has opened public consultations on the draft of its Sustainable Cities Strategy. The Strategy outlines AIIB’s vision of realizing economically, environmentally and socially sustainable Asian cities that are green, resilient, efficient, accessible and thriving (GREAT).READ MORE
Beijing, China, July 26, 2018
AIIB Welcomes HK Contribution of USD10 Million to Help Low-Income Countries in Asia
Hong Kong, China will contribute USD10 million to the Asian Infrastructure Investment Bank’s (AIIB) Project Preparation Special Fund, according to AIIB President Jin Liqun and Hong Kong Special Administrative Region (HKSAR) Chief Executive Carrie Lam. The fund provides grant support to low-income members of AIIB to help them prepare high-quality infrastructure projects.READ MORE
Beijing, China, July 09, 2018
AIIB to Transition to New Model For Project Approvals
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a new governance model that will strengthen its role in establishing the policies and strategies of the bank and its ability to hold the President accountable for the management of AIIB. It will also delegate authority to the President to approve a select group of projects based on predetermined criteria. This new model is expected to enhance efficiency and make the President more responsible and accountable to the shareholders for AIIB’s operations.READ MORE