Washington, D.C., April 20, 2024

10 MDBs Jointly Launch Global Co-financing Platform

Will Match Projects that Need Co-financing with Participating Banks

In a groundbreaking act of global collaboration, 10 multilateral development banks (MDBs) have joined forces to launch a digital initiative that aims to transform the development finance landscape, potentially unlocking substantial additional financing.

The Global Collaborative Co-financing Platform, agreed on the sidelines of the 2024 IMF and World Bank Spring Meetings, will be a digital marketplace that brings together a curated list of projects seeking co-financing from participating institutions. The Asian Infrastructure Investment Bank (AIIB) and the World Bank (WB), along with the African Development Bank (AfDB), Asian Development Bank (ADB), Council of Europe Development Bank (CEB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IDB), Islamic Development Bank (IsDB) and New Development Bank (NDB) are joining at this initial stage to enhance collaboration, streamline their co-financing processes, and provide a centralized hub for project information.

A panel to launch the platform was moderated by World Bank Vice President of Development Finance Akihiko Nishio, with World Bank Managing Director and Chief Financial Officer Anshula Kant providing opening remarks and featuring AIIB Vice President Sir Danny Alexander, Agence Française de Développement CEO Remy Rioux, ADB Vice President Scott Morris, Minister of International Cooperation of Egypt Rania Al Mashat, and Vice Minister of Parliamentary State Secretary to the Federal Minister for Economic Cooperation and Development of Germany Niels Annen as panelists. The discussion shed light on the potential for greater impact and efficiency through MDB collaboration.

"We are excited to join the Global Collaborative Co-financing Platform together with the World Bank and sister MDBs,” said AIIB Vice President for Policy and Strategy Sir Danny Alexander. “This is a potential game changer in the world of development finance. We expect this platform to foster stronger partnerships among MDBs and co-financiers and enable us to collectively address the pressing global challenges we face today."

 

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 109 approved members worldwide. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Collaborating 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

AIIB logo is available in JPEG and PDF format.

DOWNLOAD

Media Contact

Lingxiao He

Press Officer

+86 10 8358 0683

SEND AN EMAIL
More News Articles

Singapore, May 16, 2025

AIIB and Singapore Co-Host Panel on ASEAN Energy Transitions in Lead-Up to Bank’s 10th Annual Meeting

At a lead-up event for the 10th Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) Board of Governors, Lai Chung Han, Alternate Governor of AIIB and Permanent Secretary of the Singapore Ministry of Finance (MOF), outlined three key priorities for ASEAN: attracting private capital at scale, connecting regional energy networks, and transforming capabilities.

READ MORE

Beijing, May 16, 2025

AIIB Extends its Yield Curves with USD and EUR Benchmark Issuances

The Asian Infrastructure Investment Bank (AIIB, AAA/Aaa/AAA) priced its second benchmark transaction within a week, reinforcing the Bank’s commitment to issuing across currencies and maturities.

READ MORE

Geneva, May 13, 2025

AIIB and Gavi Partner to Advance Sustainable Health and Immunization Financing

The Asian Infrastructure Investment Bank (AIIB) and Gavi, the Vaccine Alliance have signed a landmark partnership agreement to scale and improve sustainable financing for health and immunization systems across low-income and lower middle-income countries. The letter of intent, signed by AIIB President Jin Liqun and Gavi CEO Dr. Sania Nishtar, outlines concrete ways in which the organizations will collaborate on strategic investments in AIIB members that are eligible for Gavi support.

READ MORE

Helsinki, May 08, 2025

AIIB, NIB Forge Partnership to Advance Sustainable Infrastructure and Green Development

The Asian Infrastructure Investment Bank (AIIB) and the Nordic Investment Bank (NIB) signed a memorandum of understanding to establish areas of collaboration to advance sustainable infrastructure and green development.

READ MORE