The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a new policy that will formally embed learning and evaluation for continuous improvement into the Bank’s governance framework. The Learning and Evaluation Policy provides a robust structure for evaluation of AIIB’s operations by its independent Complaint-resolution, Evaluation and Integrity Unit (CEIU).

The policy covers the purpose of learning and evaluation in the Bank and outlines the principles and internationally accepted criteria that underpin evaluation activities. Key roles for AIIB’s Board of Directors, CEIU and Bank Management are defined, together with arrangements for conduct and disclosure of independent learning and evaluation activities.

“We will be piloting several unique features that aim to encourage learning within a rapidly growing bank,” said AIIB’s Managing Director of CEIU, Hamid Sharif. “We purposefully gathered insights from many different organizations on how to effectively embed learning into organizational culture. This policy reflects and benefits from that extensive experience to lay the foundation for a growth mindset for learning and evaluation at AIIB.”

AIIB’s first Corporate Strategy sets a model for the Bank that embeds continuous learning into its culture. The approval of the Learning and Evaluation Policy is a key milestone toward achieving this vision. Learn more about the policy on AIIB’s website.

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 103 approved members worldwide. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Working with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.