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, China, March 28, 2017
AIIB Announces New Projects; Total Loans Tops US$2 Billion
The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) recently approved three loans totaling US$285 million, bringing the bank’s total lending to over US$2 billion, in support of its members as they seek to improve the socio-economic living conditions of their citizens.READ MORE
Beijing, China, March 23, 2017
AIIB Welcomes New Prospective Members
Today, the Asian Infrastructure Investment Bank (AIIB) announced that its Board of Governors has adopted resolutions approving 13 applicants to join the Bank, bringing the Bank’s total approved membership to 70. This is the first time AIIB has welcomed new prospective members to the Bank since its inception. The approved applicants include five regional and eight non-regional prospective members.READ MORE
Beijing, China, March 07, 2017
AIIB Says No to Doing Business with Corrupt Bidders
The Asian Infrastructure Investment Bank (AIIB) has taken another step towards solidifying its anti-corruption policies by voluntarily adopting the list of sanctioned firms and individuals under the Agreement for Mutual Enforcement of Debarment Decisions (AMEDD), effective March 1, 2017.READ MORE