Beijing, October 23, 2017
AIIB Taps International Experts for Strategic Advice
Asian Infrastructure Investment Bank (AIIB) President Jin Liqun and senior members of his team received strategic and actionable advice on AIIB’s long-term business model and how to navigate the global context of multilateral lending.
At its third meeting on October 19, AIIB’s International Advisory Panel (IAP) counseled the Bank and gave feedback on its plans to mobilize private capital. The panel shared in-depth views and provided detailed and specific advice, comments and suggestions on AIIB’s strategy, operation and governance.
AIIB established the IAP to advise the President and senior management on the development of the Bank’s strategies, policies and operational approach. The panel meets twice a year for discussions on a range of topics where AIIB benefits from panel members’ wide international experience and expertise.
"The Bank is at an early stage and the IAP members are our lighthouse,” said President Jin. “Our achievements to date are in part due to the support the IAP has given us. We remain most grateful for their contribution and I look forward to us continuing to develop and grow under the IAP’s guidance."
Panel members in attendance were Zeti Akhtar Aziz, former governor of Malaysia's central bank; Yukio Hatoyama, former prime minister of Japan; Steve Howard, secretary general of the Global Foundation; Oh-Seok Hyun, chair professor of the Korea National Diplomatic Academy and Korea's former deputy prime minister and minister of strategy and finance; Ngozi Okonjo-Iweala, former finance minister of Nigeria and former managing director of the World Bank; Paul Speltz, chair and CEO of Global Strategic Associates and former United States ambassador; Lord Nicholas Stern, professor at the London School of Economics and former chief economist of the World Bank; and Ngaire Woods, inaugural dean of the Blavatnik School of Government and professor of Global Economic Governance.
Beijing, December 19, 2017
AIIB Approves Membership of Cook Islands, Vanuatu, Belarus and Ecuador
The Asian Infrastructure Investment Bank’s (AIIB) Board of Governors has adopted resolutions approving four applicants to join the Bank, bringing AIIB’s total approved membership to 84. This round of approved applicants includes two regional and two nonregional prospective members.READ MORE
Beijing, December 16, 2017
UK Government Pledges US$50 million to AIIB Project Preparation Special Fund
Asian Infrastructure Investment Bank (AIIB) President Jin Liqun and United Kingdom (UK) Chancellor of the Exchequer Rt Hon Philip Hammond have signed an agreement for the UK to contribute US$50 million to AIIB’s Project Preparation Special Fund which provides grant support primarily to low income developing member countries to prepare high quality projects.READ MORE
Beijing, December 12, 2017
Together Major Development Finance Institutions Align Financial Flows with the Paris Agreement
The global development agenda is being transformed in fundamental ways. The Sustainable Development Goals (SDGs), agreed upon by the international community, constitute a universal compass, highlighting the need for systemic and collective action for sustainable, equitable and inclusive development for everyone on this planet. The imperative for mobilizing and shifting financial flows, public and private, towards sustainable development was highlighted by the 2015 Addis-Ababa Financing for Development Conference. The Paris Agreement reached at COP21 recognized that all countries and stakeholders must act to combat climate change. Since the Agreement’s entry into force in 2016, the momentum for climate action has become irreversible.READ MORE