Beijing, April 06, 2021

AIIB and EBRD streamline co-financing procedures

New accord to foster operational and institutional cooperation

The Asian Infrastructure Investment Bank (AIIB) and the European Bank for Reconstruction and Development (EBRD) are streamlining their cooperation to promote economic development and investment across countries where both institutions are active.

A new co-financing framework agreement (CFA) that will enable the two banks to harmonise their operational policies and procedures was signed by EBRD President Odile Renaud-Basso and AIIB President Jin Liqun today. It will help achieve the highest social, environmental and legal standards.

The agreement will speed up the preparation of joint co-financed investment projects and their implementation. It will allow member-countries and clients to focus on preparing their projects on the basis of one set of specific requirements. This will improve the efficiency of investment operations and thus achieve lower costs for clients and a greater development impact in terms of the green economy, digitalization and inclusion.

Examples of streamlining include the future application of well-established EBRD instruments such as the Environmental and Social Policy and the Procurement Policies and Rules in co-financed projects.

EBRD President Renaud-Basso said: “This is an important milestone both for the EBRD and AIIB. By simplifying this crucial aspect of multilateral cooperation, we will be able to develop and implement new projects for the region speedily and efficiently. The new cooperation agreement will help us channel more funds towards the development of much-needed modern infrastructure with the highest standards, which will be especially important in the post Covid-19 pandemic environment.”

“Today’s agreement deepens our relationship with the EBRD and allows us to more rapidly scale up our support for members and clients,” said AIIB President Jin. ” AIIB continues to place a high value on partnership because a coordinated, international approach to sustainable development is the most effective way to help our members navigate the current crisis and achieve their long-term development goals.”

Stronger multilateral cooperation and alignment is one of the key findings of the G20 Eminent Persons Report that encouraged the international financial institutions (IFIs) to work together as a system and leverage their combined strengths. Today’s announcement is an example of how multilateral development banks are working together for their clients and members to achieve this objective.

The CFA builds on a Memorandum of Understanding signed by AIIB and EBRD in 2016 to promote dialogue and the exchange of information in markets where both organizations invest. Since then, the two banks have provided over US$ 2.4 billion of funding to common projects in the energy and transport sectors, as well as COVID-19 pandemic response.

AIIB is a multilateral development bank whose mission is financing Infrastructure for Tomorrow—infrastructure that is green, technology-enabled and promotes regional connectivity. Based in Beijing, the Bank has grown to have 103 approved members worldwide. 

The EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 38 economies across three continents. The Bank is owned by 69 countries as well as the European Union and the European Investment Bank. EBRD investments are aimed at making the economies in its regions competitive, well-governed, green, inclusive, resilient and integrated.


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.

Logos for Download

Our logo is available in JPEG and PDF format.


Media Contact

Lingxiao He

Press Officer

+86 10 8358 0683


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.


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.


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).


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.


Home Media Center AIIB News AIIB and EBRD streamline co-financing procedures