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, May 18, 2017
AIIB Awards Global Custody Mandate to BNP Paribas
The Asian Infrastructure Investment Bank (AIIB) has awarded a global custodian mandate to BNP Paribas Securities Services as the new, Beijing based bank seeks to put in place its internal financial infrastructures for its liquidity investments. BNP Paribas is expected to have global custody of up to USD 20 billion of AIIB assets and will be providing a suite of custody services, with the agreement covering master custody services and other value-added services.READ MORE
Beijing, China, May 16, 2017
The Asian Infrastructure Investment Bank and the IDB Group Expand Ties
Asian Infrastructure Investment Bank (AIIB) President Jin Liqun, Inter-American Development Bank (IDB) President Luis Alberto Moreno, and Inter-American Investment Corporation (IIC) Chief Executive Officer James P. Scriven today signed a memorandum of understanding to provide an overall framework for strengthening cooperation between AIIB and the IDB Group in areas of common interest, such as knowledge exchange, policy coordination, and the co-financing of infrastructure projects in their respective member countries.READ MORE
Beijing, China, May 13, 2017
AIIB Further Expands Its Membership
Today, the Asian Infrastructure Investment Bank (AIIB) announced that its Board of Governors has adopted resolutions approving seven applicants to join the Bank, bringing the Bank’s total approved membership to 77. This round of approved applicants includes three regional and four non-regional prospective members.READ MORE