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.