Beijing, November 29, 2021
AIIB Approves USD1 Billion to Support Post-disaster Recovery in China

The Asian Infrastructure Investment Bank (AIIB) has approved USD1 billion for the Henan Flood Emergency Rehabilitation and Recovery Project in China. The Project will support post-disaster recovery in three municipalities in Henan Province that were severely affected by flooding due to days of record-breaking heavy rainfall. The loan will help the municipalities of Zhengzhou, Xinxiang and Jiaozuo rebuild infrastructure and strengthen capacity for integrated flood risk management and flood emergency response in the long term.
The extreme weather event in July 2021 saw tens of thousands evacuated and 14.5 million people in 150 cities and counties affected in Henan Province. The flooding resulted in severe damage to homes and public buildings as well as to urban and rural roads, bridges, water utilities, drainage systems, dikes and dams.
“The Project reinforces our commitment to work with our members to drive action on climate change,” said AIIB President Jin Liqun. "AIIB will continue to prioritize projects that enhance investments in climate adaptation and resilience to promote sustainable green infrastructure development and support our members in achieving their development goals."
In October, AIIB announced that it will align its operations with the goals of the Paris Agreement by July 1, 2023, estimating its cumulative climate finance approvals to be USD50 billion by 2030.
While long-term sustainability and climate resilience are key considerations in the project design, the investment aims to address the immediate post-disaster recovery needs. Financing activities in water and flood management, urban and transport sectors are critical to social and economic recovery.
“Climate change is leading to more frequent extreme events and consequently increasing the likelihood of severe floods and other disasters,” said AIIB Vice President, Investment Operations (Region 2) Konstantin Limitovskiy, “It is therefore imperative to build in climate adaptation in our infrastructure projects. In addition to helping the government meet the urgent need for rehabilitation and reconstruction of essential infrastructure, our project in Henan Province also aims at strengthening climate adaptation capacity and resilience of the infrastructure in municipalities of the province.”
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 104 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.
More News Articles
Beijing, March 24, 2023
AIIB Enhances Support for Southeast Asia’s Green Transition and Sustainable Infrastructure Development, Board of Directors Meets at Bank’s Headquarters
The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) has approved an investment of up to USD120 million in the Seraya Southeast Asia Energy Transition and Digital Infrastructure Fund (the Fund). The investment aims to support the region’s green energy transition and technology-enabled infrastructure development, which is also expected to improve cross-border digital connectivity within Asia.
READ MOREBeijing, March 22, 2023
AIIB President Jin Liqun meets with World Bank President nominee Ajay Banga
Today the President of the Asian Infrastructure Investment Bank, Jin Liqun, welcomed to AIIB headquarters in Beijing the United States’ nominee for World Bank Group President, Ajay Banga.
READ MOREBeijing, March 08, 2023
AIIB Partners With SWEEF in Financing Women’s Economic Empowerment Across Southeast Asia
The Asian Infrastructure Investment Bank (AIIB) has partnered with the Southeast Asia Women’s Economic Empowerment Fund (SWEEF) to finance small and medium-sized enterprises (SMEs) in Southeast Asia. Agreements were signed last week with AIIB committing up to USD10 million to the fund.
READ MOREBeijing, February 13, 2023
AIIB-Host Country Engagement Workshop Held in Beijing
The Asian Infrastructure Investment Bank (AIIB) hosted its Second AIIB-Host Country Engagement Workshop at the AIIB Headquarters in Beijing on Feb. 9, 2023. Opening remarks were given by AIIB President and Chair of the Board Jin Liqun and Wang Dongwei, China’s Vice Minister of Finance and AIIB Alternate Governor for China. Representatives from China’s central government, provincial governments, financial institutions, corporations and associations from China attended the workshop.
READ MORE