February 02, 2016
The AIIB was declared open for business on January 16, 2016, and Mr. Jin Liqun was elected as the Bank’s first President
The Articles of Agreement of the Asian Infrastructure Investment Bank, dated June 29, 2015, entered into force on December 25, 2015.
The treaty depository, China’s Ministry of Foreign Affairs, confirmed that instruments of ratification have been deposited by 17 Signatories of the Articles of Agreement with initial capital subscriptions totaling 50.1% of the shares allocated. Entry into force under Article 59 of the Articles of Agreement required deposit of such instruments by at least 10 Signatories with at least 50% of the shares allocated.
The inaugural meeting of the Board of Governors of the Asian Infrastructure Investment Bank will be held on January 16 and 17, 2016. At that meeting, the Board of Governors will announce the commencement of operations, in accordance with Article 60 of the Articles of Agreement.
The Board of Governors will also formally elect the Board of Directors and the President. The Board of Directors will hold its first meeting in the days after the Board of Governors meeting.
Fifty-six prospective members have signed the Articles of Agreement since it was opened for signature on June 29, 2015. Remaining Signatories that have not yet deposited their instruments of ratification are expected to do so by December 31, 2016, and become members thereafter.
Multilateral Interim Secretariat
For Establishing the Asian Infrastructure Investment Bank
December 25, 2015
Beijing, China, July 06, 2020
AIIB Approves EUR661.8-M Loan to Support Kazakhstan’s Pandemic Response
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a loan of EUR661.8 million (approximately USD750 million equivalent) to provide budgetary support to the Government of Kazakhstan in mitigating the adverse impacts of COVID-19 on the health, income and economic opportunities of the country’s population.READ MORE
Beijing, China, July 03, 2020
USD500-M COVID-19 Loans from AIIB to Increase Access to Liquidity in Turkey
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Beijing, China, July 01, 2020
AIIB Approves First Loan to Maldives in Support of COVID-19 Response
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a loan of USD7.3 million to the Maldives to strengthen the country’s health response to the COVID-19 pandemic.READ MORE