The Asian Infrastructure Investment Bank (AIIB) this week signed cooperation agreements with two leading global partners as part of its ongoing commitment to expand collaboration with the international community.
On the sidelines of the Bank’s fourth Annual Meeting in Luxembourg, AIIB and the European Stability Mechanism (ESM) agreed to a memorandum of understanding (MoU), which covers technical cooperation, exchange on economic and policy strategy, funding, risk management and legal services.
The MoU signed by AIIB President Jin Liqun also supports greater knowledge sharing between the two institutions as well as staff exchanges.
President Jin signed a separate MoU with the International Fund for Agricultural Development (IFAD) to partner in several areas, including co-financing of projects and programs, mobilization of private sector financing and research and analysis.
The MoU with the specialized agency of the United Nations has a strong focus on the development of rural infrastructure, renewable energy sources, and climate change adaptation and mitigation - key concerns underpinning the Sustainable Development Goals.
“Partnership continues to be a fundamental operating principle of the Bank,” said President Jin. “By working together with ESM and IFAD on joint initiatives and leveraging each other’s expertise we will strengthen our capacity to deliver on our respective missions and benefit our members.”
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 97 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, July 16, 2024
Long-time AIIB Vice President Sir Danny Alexander to Step Down
Sir Danny Alexander, the Vice President for Policy and Strategy of the Asian Infrastructure Investment Bank (AIIB), is departing the Bank in October at the end of his term to return to the United Kingdom.
READ MOREBeijing, July 12, 2024
AIIB Commits USD75M to Green and Blue Bonds of Viet Nam’s SeABank
The Asian Infrastructure Investment Bank (AIIB) has signed a USD75-million financing contract to support green and blue bonds to be issued by Southeast Asia Commercial Joint Stock Bank (SeABank). This marks the first ever blue bond issued from Viet Nam and is also AIIB’s first investment in a blue bond.
READ MOREBeijing, June 07, 2024
Brazil Vice President Visits AIIB to Expand Development Partnerships Ahead of COP30
Asian Infrastructure Investment Bank (AIIB) President Jin Liqun welcomed Brazil Vice President H.E. Geraldo Alckmin during a visit to the Bank on June 7, 2024.
READ MOREBeijing, June 06, 2024
AIIB Signs USD100 Million Inaugural ‘Blue’ Finance Loan
The Asian Infrastructure Investment Bank (AIIB) has signed a USD100 million (equivalent in CNY) green and blue loan to JC International Finance & Leasing Co., Ltd. (JC Leasing), a member of Legend Holdings Corporation.
READ MORE