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, 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