Beijing, China, May 19, 2020
AIIB Launches 2020 Presidential Election
2020 AIIB Annual Meeting will now take place virtually on Tuesday, July 28, 2020
The Asian Infrastructure Investment Bank (AIIB) has opened the nomination process for the election of its next President. The election will take place during the rescheduled fifth Annual Meeting of the Board of Governors. Due to the COVID-19 pandemic, the Bank has decided the meeting will now be held virtually on Tuesday, July 28, 2020.
This election will choose the President to serve the five-year term starting in January 2021. Candidates, who will be elected by the Board of Governors, must be a national of one of AIIB’s regional members and able to demonstrate, among other requirements, a track record of executive leadership, impeccable integrity, and familiarity with infrastructure and international development challenges, particularly in Asia. Nominations are accepted from members of the AIIB Board of Governors until June 18, 2020, 6:00 p.m.
“As a result of the COVID-19 pandemic, our Annual Meeting this year – and the election of the President – will have to be held virtually,” said AIIB’s Vice President and Corporate Secretary Sir Danny Alexander. “The rules and procedures put in place by AIIB’s Board of Governors provide for an open, transparent and merit-based process and we will ensure a well-run election that reflects the AIIB’s high standards of governance.”
The AIIB Rules for the Election of the President were adopted by the Board of Governors in December 2019 after review by the Board of Directors. They are publicly available on the AIIB website in line with its Policy on Public Information and commitment to transparency.
The presidential candidate receiving an affirmative vote of two-thirds of the total number of Governors, representing not less than three-fourths of the total voting power of the members shall be declared the next President of AIIB. The election result will be announced by the Chair of the Board of Governors after the vote during the 2020 AIIB Annual Meeting. The five-year term of the newly elected President shall commence on Jan. 16, 2021.
This is AIIB’s second presidential election. Jin Liqun began his term as AIIB’s first President on Jan. 16, 2016, after being elected President-designate on Aug. 24, 2015.
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 102 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.
More News Articles
Beijing, May 19, 2023
AIIB Appoints a New External Member of its Audit and Risk Committee
The Asian Infrastructure Investment Bank (AIIB) has appointed Teresa Lin as external member of the Audit and Risk Committee (ARC) of the Board of Directors. Lin’s term follows the end of the three-year term of Ai Phing Cheng in April 2023. Elisabeth Stheeman continues to serve as external member to the ARC.READ MORE
Beijing, May 11, 2023
AIIB Issues First Climate Adaptation Bond Targeting Resilient Infrastructure
The Asian Infrastructure Investment Bank (AIIB) has successfully priced its first Climate Adaptation Bond, a thematic bond issued under the AIIB Sustainable Development Bond Framework. The 5-year bond raised AUD500 million, and the proceeds will be allocated to projects that have an estimated climate adaptation finance portion of 20 percent or greater of the total project financing.READ MORE
Beijing/London, April 27, 2023
Research Shows How AIIB-Amundi Climate Change Investment Framework Can Guide Investors
The Asian Infrastructure Investment Bank (AIIB), Amundi and Climate Bonds Initiative (CBI) announce the publication of the Companies and Climate Change report, developed by Fitch Solutions, the Carbon Trust, and CBI. This report presents the first research application of the AIIB-Amundi Climate Change Investment Framework (CCIF).READ MORE
Abu Dhabi, April 19, 2023
AIIB to Open First Overseas Office in Abu Dhabi, UAE
The Asian Infrastructure Investment Bank (AIIB) and the United Arab Emirates (UAE) signed a host member agreement to officially open in Abu Dhabi the Bank’s first overseas office, an Interim Operational Hub (the Hub). Jin Liqun, President and Chair of the Board of Directors of AIIB, joined His Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology and UAE Governor of AIIB, during the signing ceremony in Abu Dhabi.READ MORE