Mumbai, India, June 26, 2018
AIIB Approves Lebanon Membership
The Asian Infrastructure Investment Bank’s (AIIB) Board of Governors has approved a new membership application from the Republic of Lebanon, bringing AIIB’s total approved membership to 87.
"We’re pleased to welcome Lebanon as a prospective member," said AIIB Vice President and Corporate Secretary Sir Danny Alexander. "It is an important and historic commercial hub in the Middle East and we look forward to Lebanon playing an active role within AIIB."
Lebanon will officially join AIIB as a regional member once it completes the required domestic processes and deposits the first capital installment with the bank. The shares allocated to the new prospective member 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 2017, AIIB announced the approval of another 27 prospective members. In May 2018, AIIB announced the approval of another two 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 87 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 an updated list of AIIB members, please visit: www.aiib.org/en/about-aiib/governance/members-of-bank/index.html
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
Beijing, China, July 03, 2018
AIIB Approves $250M to Modernize, Rehabilitate Irrigation in Indonesia
The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) has approved a USD250 million loan to improve irrigation services and management accountability in Indonesia.READ MORE
Ankara, Turkey, June 27, 2018
AIIB Approves First Loan in Turkey; USD600M Investment to Improve Gas Supply
The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) has approved a USD600-million loan to increase the reliability and security of Turkey’s gas supply. The project, cofinanced with the World Bank, is AIIB’s first project to be financed in Turkey.READ MORE