This press release was posted on the website for Centre for Law and Democracy on March 19, 2018. The Asian Infrastructure Investment Bank (AIIB) published a Draft Policy on Public Information in January 2018. According to Comments by the Centre for Law and Democracy (CLD) and Bank Information Center (BIC), the draft Policy is a good …
*Photo credit to scroll.in The World Bank’s independent Inspection Panel released a report today detailing the commitments made by World Bank management to prevent impoverishment, coercion, and retaliation against critics in the process of constructing a new mega-city in southern India. The World Bank and the new Asian Infrastructure Investment Bank (AIIB) are considering providing …
In April 2017, the AIIB requested public input in the development of a proposed Complaints Handling Mechanism (CHM), which the AIIB aims to put in place by the end of 2017. In response, a coalition of ten civil society organizations and networks, including BIC, submitted recommendations based on the best practice from independent accountability mechanisms …
Submission to the Asian Infrastructure Investment Bank on Oman’s Duqm Port Commercial Terminal and Operational Zone Development Project In May 2017, the Bank Information Center and Business & Human Rights Resource Centre issued a joint submission to the Asian Infrastructure Investment Bank (AIIB), sharing concerns over the employment of foreign migrant workers as construction labour …
AIIB must do more to meet its environmental & social commitments (first appeared in Business and Human Rights Resource Centre’s Chinese Responsible Investment Overseas Newsletter Issue 2, June 2017) Shortly after commencing operations in January 2016, the Asian Infrastructure Investment Bank (AIIB) adopted environmental and social standards that committed to investing in sustainable infrastructure projects, including a …
Risky Business: Will the Asian Infrastructure Investment Bank choose to avoid funding coal in India?
The GKEL power plant in Odisha. Photo: Joe Athialy In June 2017, the Board of the Asian Infrastructure Investment Bank will approve the bank’s new Energy Sector Strategy. In it, the AIIB explicitly commits to the Paris Climate Agreement and the United Nations’ Sustainable Development Goals. This is good news for both climate and energy …
The Asian Infrastructure Investment Bank and the Tarbela 5 project in Pakistan Opening the Global Infrastructure Forum in April, President Jin Liqun thanked other multilateral banks for collaborating with the Asian Infrastructure Investment Bank – the world’s newest development bank. Jin said in its first year of operations, over 75 per cent of its projects …
The Tarbela 5 hydropower extension project in Pakistan is one of the first investments made by the world’s newest multilateral bank – the Asian Infrastructure Investment Bank (AIIB). There will be much scrutiny of the AIIB’s investments in its first year: how will it differ from existing multilateral development banks? How will the AIIB handle …
The AIIB approved $1.7 billion in financing for nine projects in 2016, but still does not have a mechanism to address concerns from people who are affected by those projects. In early February 2017, sixteen civil society organizations called on the AIIB’s Director-General for Compliance, Effectiveness, and Integrity to conduct a public consultation process on a …
REUTERS/Mark Schiefelbein/Pool The Centre for Law and Democracy (CLD) and the Bank Information Center (BIC) have jointly prepared Comments on the Public Information Interim Policy of the Asian Infrastructure Investment Bank (AIIB) in preparation for the first annual review of the Policy, due in January 2017. The analysis shows that the AIIB is lagging behind …