The Asian Infrastructure Investment Bank (AIIB) and the Global Green Growth Institute (GGGI) have agreed to strengthen cooperation on sustainable infrastructure, climate resilience and green development.
The two institutions will pursue a more systematic and practical approach to collaboration in economies of mutual interest, connecting project preparation and technical assistance with the development of a pipeline of investment-ready projects.
Under a letter of intent signed during COP31 in Türkiye, AIIB and GGGI will also support the exchange of project pipeline information and the identification of opportunities for cofinancing, technical assistance and joint project preparation. They will work together in line with their respective mandates, policies and procedures, laying the groundwork for sustained operational collaboration.
“Climate-resilient infrastructure needs more than financing,” said Ajay Bhushan Pandey, AIIB’s Vice President, Investment Solutions. “It needs well-prepared projects and strong technical foundations. Working with GGGI gives us a practical framework to connect technical expertise and project preparation with financing opportunities, while supporting a more coordinated approach to climate-resilient infrastructure in our common members.”
Two project-level addenda will extend the framework to initiatives in Papua New Guinea and Indonesia, allowing the institutions to tailor their cooperation to country priorities and project needs. They aim to explore further opportunities for cooperation, drawing on GGGI’s country presence and green-growth expertise to support AIIB’s sustainable infrastructure investments.
About AIIB
The Asian Infrastructure Investment Bank is a multilateral development bank dedicated to financing “Infrastructure for Tomorrow,” with sustainability at its core. AIIB began operations in 2016, now has 111 approved members worldwide, is capitalized at USD100 billion, and is AAA-rated by major international credit rating agencies. AIIB collaborates with partners to mobilize capital and invest in infrastructure and other productive sectors that foster sustainable economic development and enhance regional connectivity.
About the Global Green Growth Institute (GGGI)
The Global Green Growth Institute is an intergovernmental organization established in 2012 at the United Nations Conference on Sustainable Development (Rio+20). GGGI supports its members in transitioning to a green growth model that promotes economic growth and environmental sustainability, while reducing poverty and advancing social inclusion. GGGI works with 55 members and 30 partner countries and regional integration organizations, delivering programs in more than 57 countries. Its work includes developing innovative green solutions, policy and technical support, capacity building and green investment project origination and knowledge-sharing pipelines, contributing to members’ implementation of the Sustainable Development Goals and their Nationally Determined Contributions under the Paris Agreement.
