The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) has approved a USD248.4-million loan to the Indonesia Tourism Development Corporation, with a guarantee of the Republic of Indonesia (Indonesia), in support of the Mandalika Urban and Tourism Infrastructure Project. This will be AIIB’s first stand-alone operation in Indonesia and AIIB’s first tourism-related infrastructure investment.
The global tourism industry continues to grow and is a vital source of employment and income, contributing over 10 percent of global gross domestic product and linked to 10 percent of jobs worldwide. Indonesia has a strong comparative tourism advantage in accelerating job creation given its rich tourism resources.
The project aims to provide sustainable essential infrastructure for the development of new tourism destinations in the Mandalika region of Lombok, including infrastructure improvements in surrounding communities. By facilitating private sector investment, the project is expected to create a significant amount of direct, indirect and induced employment in tourism as well as related businesses, boosting Indonesia’s tourism competitiveness and sustainable economic growth.
The project is aligned with the Government of Indonesia’s midterm development plan and the Indonesia Tourism Development Priority Program. AIIB’s participation is expected to help optimize project design and implementation, thereby maximizing economic and social interlinkages and promoting sustainable development.
"AIIB is mandated to foster sustainable economic development in Asia by investing in infrastructure," said AIIB Vice President and Chief Investment Officer D. J. Pandian. "This project reflects the synergy of AIIB’s efforts and initiatives of the Government of Indonesia in promoting sustainable tourism development in the country."
"By investing in tourism-related infrastructure, we can promote balanced regional development in Indonesia and contribute to poverty reduction," said AIIB Director General of Investment Operations Yee Ean Pang. "Women are likely to benefit from the project as tourism tends to employ a higher proportion of women."
Additional information about this project can be found on AIIB’s website.
About AIIB
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, we began operations in January 2016 and have now grown to 87 approved members worldwide. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.
Beijing, May 22, 2026
AIIB Launches Emerging Policymakers Program, Advancing Climate and Sustainable Development Capacity
Today the Asian Infrastructure Investment Bank (AIIB) launched the 2026 cohort of the Emerging Policymakers Program (EPP) at its headquarters, underscoring the Bank’s commitment to strengthening climate policy capacity and advancing sustainable development across emerging and developing economies. A ceremony featured remarks by AIIB Chief Economist Erik Berglof and Professor Bai Chong-En, Dean of the School of Economics and Management at Tsinghua University, alongside representatives of the 2026 cohort.
READ MOREBeijing, May 21, 2026
AIIB Launches Energy, Food Security and Economic Resilience Facility
The Asian Infrastructure Investment Bank (AIIB) today launched an Energy, Food Security and Economic Resilience Facility to support members whose development may be affected by the conflict in the Middle East. Supplementing AIIB’s regular financing instruments, the facility offers a time-bound financing envelope of up to USD10 billion over two years, which provides exceptional financing support to its members and clients in addressing their acute needs for energy security, food security and economic resilience.
READ MOREManila, May 20, 2026
AIIB to Lend ICTSI USD300 Million to Expand Port Connectivity and Drive Green Transition in Philippines
The Asian Infrastructure Investment Bank (AIIB) will lend USD300 million to International Container Terminal Services Inc. (ICTSI) to support the expansion and upgrade of three container terminals across the Philippines.
READ MOREBeijing, May 15, 2026
AIIB, ADB Support Panda Bond Issuance for Green Projects in Pakistan
The Asian Infrastructure Investment Bank (AIIB), together with the Asian Development Bank (ADB), is supporting Pakistan’s inaugural renminbi-denominated Panda Bond issuance to diversify external financing sources, expand access to international capital markets and mobilize private capital for sustainable infrastructure development.
READ MORE