Beijing, May 02, 2018
AIIB Approves Membership of Papua New Guinea and Kenya
The Asian Infrastructure Investment Bank’s (AIIB) Board of Governors has adopted resolutions approving two applicants to join the Bank, bringing AIIB’s total approved membership to 86. This round of approved applicants includes one regional and one nonregional prospective members.
The approved applicants are as follows:
|Regional Prospective Members||Nonregional Prospective Members|
|Papua New Guinea||Kenya|
"We’re very happy to welcome Papua New Guinea and Kenya as prospective members of AIIB," said AIIB Vice President and Corporate Secretary Sir Danny Alexander. "AIIB now has 86 approved members from six continents. This shows a strong commitment to promoting infrastructure development through rules-based multilateral cooperation with high standards of governance."
The two prospective members will officially join AIIB once they complete the required domestic processes and deposit the first installment of capital with the Bank. The shares allocated to the new prospective members come from AIIB’s existing pool of unallocated shares.
At its launch in January 2016, there were 57 signatories to AIIB’s Articles of Agreement. In March, May, June and December 2017, the Bank announced the approval of another 27 prospective members. AIIB expects to continue welcoming new members in the future.
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond. Headquartered in Beijing, we commenced operations in January 2016 and have now grown to 86 approved members from around the world. By investing in sustainable infrastructure and other productive sectors today, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.
For list of members of AIIB, please visit: www.aiib.org/en/about-aiib/governance/members-of-bank/index.html
Beijing, China, July 26, 2018
AIIB Welcomes HK Contribution of USD10 Million to Help Low-Income Countries in Asia
Hong Kong, China will contribute USD10 million to the Asian Infrastructure Investment Bank’s (AIIB) Project Preparation Special Fund, according to AIIB President Jin Liqun and Hong Kong Special Administrative Region (HKSAR) Chief Executive Carrie Lam. The fund provides grant support to low-income members of AIIB to help them prepare high-quality infrastructure projects.READ MORE
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