Washington, April 22, 2017
Multilateral Banks to Deepen Collaboration with Private Sector to Boost Inclusive, Sustainable Infrastructure
Leaders of the top multilateral development banks (MDBs) have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to support sustainable and inclusive economic growth throughout the world.
Under the theme of "Delivering Inclusive, Sustainable Infrastructure," the Global Infrastructure Forum 2017 provided a venue to discuss how MDBs can best work with countries and the private sector to create markets for infrastructure projects. The forum brought together potential investors, representatives of the United Nations and the G20 with the heads of the African Development Bank, Asian Development Bank, Asian Infrastructure Investment Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, Inter-American Investment Corporation, International Finance Corporation, Islamic Development Bank, New Development Bank and the World Bank.
Basic infrastructure services – like roads, water and sewage lines, and electrical power – are scarce in many developing countries. Over one billion people live without electricity, more than 660 million people don’t have access to clean drinking water, and one in three people lack access to flushing toilets and sewerage infrastructure. In addition, countries face the urgent need to invest in climate-resilient infrastructure and renewable, efficient energy sources.
With trillions of dollars in capital sitting on the sidelines earning low or even negative returns, deeper engagement with the private sector can create win-win scenarios where investors earn better returns on long-term investments and developing countries get much needed investment and expertise.
In order to fulfill commitments that countries throughout the world made to meet the ambitious Sustainable Development Goals, the MDBs pledged not only to leverage their resources by joining forces to co-finance projects, but also to help generate interest among private sector investors in Public-Private Partnerships and the development of infrastructure as an asset class for institutional investors.
These pledges are included in the MDBs’ Outcome Statement, issued today at the Forum, which will be accessible at https://pppknowledgelab.org/2017giforum.
Among the speakers at the day-long event were Amina Mohammed, Deputy Secretary General of the United Nations, and Wolfgang Schäuble, Finance Minister of Germany, which currently chairs the G20.
Eight parallel sessions explored a variety of subjects:
• How to ensure that infrastructure meets environmental and climate change standards;
• How to help cities meet their infrastructure needs and climate objectives;
• The role of national development banks in implementing renewable energy and energy efficiency programs;
• Mobilization of private and concessional resources;
• Special challenges faced by least developed countries, small island developing states and landlocked developing countries;
• Risk mitigation for emerging market infrastructure;
• Infrastructure as an asset class for institutional investors;
• How to prepare projects with an eye on costs and quality control; and constraints and opportunities for energy and economic development in Africa.
The full agenda of the Global Infrastructure Forum 2017 is available on the Forum’s website, along with a reference guide on Public-Private Partnerships (PPPs), country data, information on specific infrastructure sectors, key databases and other tools.
Inter-American Development Bank, Geri Smith, firstname.lastname@example.org, +1-202-340-6402
Inter-American Investment Corporation: José Luis Lobera, email@example.com
European Investment Bank: Shirin Wheeler, firstname.lastname@example.org, +44-7827-445611
African Development Bank: Samuel Mikenga, email@example.com, +22520265105
Asian Development Bank: Erik Churchill, firstname.lastname@example.org, +63-2683-1905
Asian Infrastructure Investment Bank: Liyan Song, email@example.com, +86-10 8358 0035
European Bank of Reconstruction and Development: Olga Rosca, firstname.lastname@example.org, +44-20-73388467
International Finance Corporation: Sheila Grandio, email@example.com, +1 202-907-1322
Islamic Development Bank: Muhammed Jameel Yusha’u, firstname.lastname@example.org, +966126466492
New Development Bank: Alexey Kosarev, email@example.com
World Bank Group: Nadine Ghannam, firstname.lastname@example.org, +1-202-473-3011
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