Beijing, China, December 18, 2019
AIIB Commits USD82 Million for Community Infrastructure in Rural Uzbekistan
The Asian Infrastructure Investment Bank (AIIB) has committed USD82 million to improve the quality of basic infrastructure in hundreds of rural villages in eastern Uzbekistan, the Bank’s first project in the country.
The Prosperous Villages Project, cofinanced with the World Bank, will be a community-driven project with two key components, the first of which focuses on investing in basic infrastructure and services. These infrastructure investments will be prioritized and selected by local authorities and community members themselves. Investments will include access to water supply for drinking and irrigation, sanitation services, rural electrification and the rehabilitation of roads and footpaths, among others.
Additionally, Uzbekistan’s Ministry of Economy and Industry and local authorities will also see its project oversight capacity strengthened as funding will be used to ensure monitoring and evaluation, beneficiary assessments, project audits and a project-level grievance redress mechanism.
“We like this project because it actively engages communities in matters that have a direct impact on their day-to-day lives,” said AIIB Vice President and Chief Investment Officer D.J. Pandian. “Effective community participation in the decision-making process is key in making community infrastructure sustainable.”
This is AIIB’s first investment in Uzbekistan, with the Bank considering financing additional projects to further contribute to the Central Asian country’s infrastructure development.
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 100 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, China, October 23, 2020
AIIB Support Helps Keep Russia’s Railways on Track
To help alleviate the temporary liquidity constraints caused by the decline of long-haul passenger transportation and deferred client payments against the backdrop of the COVID-19 outbreak, AIIB is extending financing to Russian Railways (RZD) in the local currency equivalent of USD300 million.READ MORE
London, UK, October 14, 2020
AIIB debut in GBP market unlocks new financing for sustainable development
The Asian Infrastructure Investment Bank (AIIB) today priced its first GBP-denominated benchmark transaction. The five-year sustainable development bond raised GBP 800 million and will finance AIIB’s mission of financing infrastructure for tomorrow – investing in sustainable infrastructure to unlock new capital, new technologies and new ways in which to address climate change and to connect Asia, and the world.READ MORE
Beijing, China, September 28, 2020
AIIB Approves USD150-M Loan to Improve Digital Connectivity in Indonesia
The Asian Infrastructure Investment Bank (AIIB) is ramping up its investment in digital infrastructure among its members, with a USD150-million nonsovereign loan to Satelit Nusantara Tiga (SNT) for a multi-functional satellite that will cover 45 million people.READ MORE