Beijing, December 11, 2017
AIIB Supports UN Anti-Corruption Day with Week of Events
The Asian Infrastructure Investment Bank (AIIB) joined other multilateral development banks, international organizations and civil society in celebrating the United Nations’ International Anti-Corruption Day, true to the Bank’s commitment to ensure its operations remain "clean" and free of corruption.
"Anti-corruption work is not just the work of one unit in the Bank. This is a job for all staff," said AIIB President Jin Liqun during an address to staff and members of the Board of Directors.
AIIB organized various activities to raise staff awareness in the week leading up to the International Anti-Corruption Day, which has been celebrated on Dec. 9 since the passage of the UN Convention Against Corruption in 2003. During the week, the Bank hosted Leonard McCarthy, former Vice President for Integrity at the World Bank Group, who elaborated to AIIB staff and members of the Board of Directors how the Bank can help keep its operations clean.
AIIB also launched its complaints hotline—email@example.com—which is to be used to report suspected Prohibited Practices in AIIB-funded projects and activities. AIIB considers "fraud," "corruption," "collusion," "coercion," "obstruction," "theft" and "misuse of resources" as Prohibited Practices under its Policy on Prohibited Practices. Companies and individuals who are found to have engaged in such Prohibited Practices will be ineligible to participate in AIIB-funded projects and activities.
To mark International Anti-Corruption Day, Hamid Sharif, Managing Director for AIIB’s Compliance, Effectiveness and Integrity Unit, reiterated the importance of creating a culture of anti-corruption in AIIB.
"Effective infrastructure is built on integrity. Be a pillar of integrity," Sharif expressed.
For more information on AIIB’s work on anti-corruption, visit www.aiib.org/integrity.
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
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved loans totaling USD500 million to two development banks in Turkey, backed by a government guarantee, to alleviate liquidity constraints faced by Turkish companies in infrastructure and other productive sectors as a result of the COVID-19 pandemic.READ MORE
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