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 firstname.lastname@example.org.
Annex: Template of Application for AIIB Project Preparation Special Fund
Beijing, September 05, 2017
AIIB Supports Renewable Energy Development in Egypt
The Asian Infrastructure Investment Bank announced up to US$210 million in debt financing to tap Egypt’s renewable energy potential. This solar power project will increase Egypt’s power generation capacity, reduce the country’s dependence on gas and fuel for electricity generation, and will help the country meet its commitments under the Paris Climate Agreement as it moves towards an environmentally sustainable energy mix.READ MORE
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