Asian Infrastructure Investment Bank (AIIB)
| Section | Details |
|---|---|
| Introduction | – Established in 2016, headquartered in Beijing, China. – Multilateral development bank focusing on financing sustainable infrastructure. – Operates with a capital base of USD 100 billion. |
| Objectives | – Financing Infrastructure for Tomorrow (i4t): Investments in environmentally and socially sustainable infrastructure. – Regional Connectivity: Enhance economic integration among member countries. – Private Capital Mobilization: Bridge infrastructure financing gaps with private sector support. |
| Members (as of 2024) | – Total Members: 110 approved members. – Regional Members (51): Afghanistan, India, China, Indonesia, Vietnam, UAE, etc. – Non-Regional Members (59): Canada, Germany, South Africa, UK, Venezuela, etc. (Full member list included in previous response.) |
| Reports and Indices | – Annual Reports: Highlight financials, project achievements. – Asian Infrastructure Finance (AIF) Reports: Covering sustainable infrastructure (e.g., 2023 report focuses on “Nature as Infrastructure”). – Sustainable Development Bonds Impact Reports. – Ethics Office Annual Report. – COVID-19 Economic and Infrastructure Insights. |
| Instruments | – Sovereign-backed Financing: Loans, guarantees to member governments. – Non-sovereign Financing: Direct private sector loans without guarantees. – Equity Investments: Direct equity stakes in infrastructure projects. – Guarantees: Risk mitigation instruments for private investments. – Special Funds: E.g., Project Preparation Special Fund. |
| Structure | – Board of Governors: Representatives from all member countries (highest authority). – Board of Directors: Directs operations. – President: Oversees daily operations and implements decisions of the Boards. |
| Subsidiary Organs | – Complaints-resolution, Evaluation, and Integrity Unit: Ensures transparency. – Multilateral Cooperation Center for Development Finance Special Fund: Supports multilateral cooperation and funding. |
| Committees | – Audit and Risk Committee: Oversees financial risk and audits. – Budget and Human Resources Committee: Reviews budgets and staffing policies. – Policy and Strategy Committee: Advises on strategic and policy decisions. |
| Initiatives | – COVID-19 Crisis Recovery Facility: Support for public health and economic impacts. – Energy Sector Strategy: Promotes sustainable energy investments. – Strategy on Mobilizing Private Capital: Attracts private investments. – Strategy on Financing in Non-Regional Members: Expands financing activities beyond Asia. – Green Infrastructure Development Initiatives. |
