Beijing, January 17, 2016
Inaugural meeting of the AIIB’s Board of Governors
The inaugural meeting of the Asian Infrastructure Investment Bank’s Board of Governors was held in Beijing on January 16-17, 2016. 30 Governors, representing over 74 percent of the AIIB’s allocated capital, participated. They were joined by observers from the 27 signatories to the Bank’s Articles that are still completing the membership process.
The Governors approved the AIIB’s by-laws, rules and codes of conduct. The Governors elected the Bank’s Board of Directors and Mr. Jin Liqun as the first President of the Bank. The Bank was declared open for business by the Governors on January 16, 2016. The inaugural meeting of the Bank’s Board of Directors was called to take place in Beijing on January 17-18, 2016.
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, March 26, 2020
AIIB’s USD60-M Solar Investment in Oman Supports Diversified Energy Mix
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a USD60-million loan to increase Oman’s renewable power generation capacity and reduce the country’s dependence on gas and other fossil fuels for electricity generation. This is AIIB’s first nonsovereign-backed financing in the country’s renewable energy sector.READ MORE
Beijing, China, March 25, 2020
AIIB To Scale Up Public Health Infrastructure in Wake of COVID-19
Recognizing that countries with fragile infrastructure have less capacity to handle health crises, the Asian Infrastructure Investment Bank (AIIB) is working to scale up infrastructure investment—including in public health, healthcare and information and communications technology (ICT)—to better serve members impacted by COVID-19.READ MORE
Beijing, China, March 03, 2020
USD200M AIIB Loan to Help Increase Electricity Access in Bangladesh
The Asian Infrastructure Investment Bank (AIIB) has approved a USD200-million loan to Bangladesh to increase access to electricity and improve service efficiency in the capital of Dhaka and the country’s western zone.READ MORE