The Asian Infrastructure Investment Bank (AIIB) is the newest international financial institution. It was established in 2015 with two stated purposes: 1) to “foster sustainable economic development, create wealth and improve infrastructure connectivity in Asia by investing in infrastructure and other productive sectors” and 2) to “promote regional cooperation and partnership in addressing development challenges by working in close collaboration with other multilateral and bilateral development institutions.”
The AIIB has moved very quickly to become operational, and is already beginning to finance its first projects. BIC is working with partners in the South and North to advocate for the AIIB to adopt strong policies and procedures as well as monitor projects to ensure that the AIIB implements those procedures.
BIC’s specific areas of focus are:
- Stakeholder Engagement and Consultation
- Transparency and Accountability
- Protection for human rights and the environment
Below is a map of the AIIB’s current Directors and constituent countries (as of July 2016):
- Updates
- Concerns
- Projects
- Resources
- Contact
Updates
AIIB: Comments on Draft Policy on Public InformationThis press release was posted on the website for Centre for Law and Democracy on...
World Bank pledges to address impoverishment and coercion concerns before approving controversial mega-city project in India*Photo credit to scroll.in The World Bank’s independent Inspection Panel release...
Civil society comments on the proposed AIIB Complaints Handling MechanismIn April 2017, the AIIB requested public input in the development of a proposed...
Submission to the Asian Infrastructure Investment Bank on Oman’s Duqm Port Commercial Terminal and Operational Zone Development ProjectSubmission to the Asian Infrastructure Investment Bank on Oman’s Duqm Port...
AIIB must do more to meet its environmental & social commitmentsAIIB must do more to meet its environmental & social commitments (first appe...
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 th...
Learning Hard LessonsThe Asian Infrastructure Investment Bank and the Tarbela 5 project in Pakistan O...
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).The Tarbela 5 hydropower extension project in Pakistan is one of the first inves...
Civil Society Calls on AIIB to Develop an Accountability MechanismThe AIIB approved $1.7 billion in financing for nine projects in 2016, but still...
Civil Society Analysis Finds AIIB Access to Information Policy Needs ImprovementREUTERS/Mark Schiefelbein/Pool The Centre for Law and Democracy (CLD) and the Ba...