The Asian Infrastructure Investment Bank (AIIB) has closed the nomination process for the election of its next President.
The 2020 Presidential Election launched May 19, 2020 with the opening of nominations for candidates. The nomination period closed on June 18, 2020 at 6:00 p.m. Beijing time.
During the nomination process, each Governor was able to submit one nomination for the President of AIIB. Candidates had to be nationals of a regional member of the Bank. Nominees had to be able to demonstrate, among other requirements, a track record of executive leadership, impeccable integrity, and familiarity with infrastructure and international development challenges, with preference for experience in Asia.
The nominee is:
- Jin Liqun, President of AIIB, was nominated for a second term by Liu Kun, AIIB Governor and China’s Finance Minister.
The election will take place during the Bank’s fifth Annual Meeting of the Board of Governors to be held virtually on Tuesday, July 28, 2020.
The presidential candidate must receive 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 to be declared the next President of AIIB. The election results will be announced by the Chair of the Board of Governors during the fifth Annual Meeting.
The five-year term of the newly elected President will commence on Jan. 16, 2021.
The 2020 election and future elections in the Bank are governed by the Rules for the Election of the President, which were adopted by the Board of Governors in December 2019. The Rules establish qualification criteria of the candidates and assurance mechanisms supporting an “open, transparent and merit-based" selection process, as required by the Articles of Agreement. This includes arrangements for nomination, shortlisting, interviews and the conduct of the election itself. It also provides the inclusion of the Bank’s external auditor in the process for the tally of votes.
The details of the steps of the 2020 election is provided in the Process for Election of the President.
