Beijing, April 18, 2023

AIIB Clarifies its Role in Indonesia Tourism Development Project

The Asian Infrastructure Investment Bank (AIIB) has clarified that its investment in the Indonesia Mandalika Urban and Tourism Infrastructure Project (Mandalika Project) is in compliance with environmental and social standards.

Urjit Patel, AIIB’s Vice President for Investment Operations in South and Southeast Asia, said, “Since the concerns were first raised in 2019, AIIB has shown following due diligence that complaints were largely not related to the Mandalika Project but rather to the nearby MotoGP Circuit, which is a separate Project and not financed by AIIB.”

Patel emphasized that the Mandalika Project is designed to provide sustainable core infrastructure to develop the southern region of Lombok as a tourist destination and stimulate local business and create employment for the community. Tourism makes a major contribution to the country’s GDP, but requires supporting infrastructure such as roads, water and sanitation services, solid waste management, power distribution, disaster risk management, landscaping and community facilities—investments that will also benefit the community.

Since approval of the Mandalika Project, AIIB has closely monitored implementation by its client, the Indonesia Tourism Development Corporation (ITDC), of the Bank’s Environmental and Social Framework.

With support from AIIB, ITDC has worked with affected communities while preparing the Project to avoid, minimize and/or mitigate potential adverse impacts. The resettlement action plan for the affected local community includes the provision of larger homes for those resettled. Project-affected people are being given the opportunity to own both the house and the land. Skill development and trainings as well as jobs are being provided for the affected people. Market lots for local vendors, micro, small and medium enterprises and community facilities within the Mandalika Special Economic Zone have been set aside as part of the plan.

AIIB notes that the Mandalika Project, like any other infrastructure development, is a complex undertaking but the Bank remains committed to working with its partners and stakeholders, so that everyone can participate in and reap the benefits the Project is anticipated to bring.

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 106 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 Clarifies its Role in Indonesia Tourism Development Project