Asian Infrastructure Investment Bank

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):