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, China, July 09, 2018
AIIB to Transition to New Model For Project Approvals
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a new governance model that will strengthen its role in establishing the policies and strategies of the bank and its ability to hold the President accountable for the management of AIIB. It will also delegate authority to the President to approve a select group of projects based on predetermined criteria. This new model is expected to enhance efficiency and make the President more responsible and accountable to the shareholders for AIIB’s operations.READ MORE
Beijing, China, July 03, 2018
AIIB Approves $250M to Modernize, Rehabilitate Irrigation in Indonesia
The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) has approved a USD250 million loan to improve irrigation services and management accountability in Indonesia.READ MORE
Ankara, Turkey, June 27, 2018
AIIB Approves First Loan in Turkey; USD600M Investment to Improve Gas Supply
The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) has approved a USD600-million loan to increase the reliability and security of Turkey’s gas supply. The project, cofinanced with the World Bank, is AIIB’s first project to be financed in Turkey.READ MORE