The Asian Infrastructure Investment Bank (AIIB) is identifying five emerging infrastructure trends that will shape Asia’s post-COVID-19 recovery that are based on the Bank’s experience and analysis over five years of operations. These trends reflect the need for the infrastructure sector to manage the short-term challenges of the pandemic and the global economic crisis, following […]
AIIB Joins MDBs to Launch the First Joint Report on Financing the Sustainable Development Goals
The Asian Infrastructure Investment Bank (AIIB) joined a group of 11 multilateral development banks (MDBs) and the International Monetary Fund (IMF) in launching a first-ever joint report on financing the Sustainable Development Goals (SDGs). The report is released at the end of a critical year, in which the COVID-19 pandemic threatens to reverse progress on […]
AIIB debut in GBP market unlocks new financing for sustainable development
AIIB’s GBP 800 million five-year sustainable development bond is its fourth syndicated capital markets benchmark transaction in 2020, following successful 5-year and 3-year USD-denominated benchmarks and a debut Panda bond earlier in the year. This inaugural transaction in the GBP market attracted over GBP 2 billion in orders from over 74 investors across the globe. In its debut in […]
AIIB Invests in 100-percent electric rapid transit system in Bangalore
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a US$335 million loan for a 100-percent electric metro project that will reduce traffic and pollution and increase employment and mobility in India. The investment in the Bangalore Metro Rail Project—Reach 6 (R6) is AIIB’s first metro project and its first joint financing partnership […]
AIIB’s USD60-M Solar Investment in Oman Supports Diversified Energy Mix
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a USD60-million loan to increase Oman’s renewable power generation capacity and reduce the country’s dependence on gas and other fossil fuels for electricity generation. This is AIIB’s first nonsovereign-backed financing in the country’s renewable energy sector. The project is a 500-megawatt greenfield solar photovoltaic […]
AIIB weighs funding support for Oman’s first solar PV project
AIIB weighs funding support for Oman’s first solar PV projectThe Asian Infrastructure Investment Bank (AIIB), a multilateral development bank with a mandate to support infrastructure development in the Asia-Pacific region, has revealed that it is studying a request for around $60 million in funding support from the developers of Oman’s first utility-scale solar PV project. […]
The Asian Infrastructure Investment Bank (AIIB) Makes Changes To Leadership Team
AIIB President Jin Liqun today announced changes to his leadership team in preparation for the next phase of the Bank’s development. Thierry de Longuemar, AIIB’s current Vice President and Chief Financial Officer will be retiring on Dec. 31, 2019 but will continue to work for AIIB in an advisory capacity. De Longuemar, AIIB’s first Chief […]
AIIB Approves USD145M Irrigation, USD65M Solar Investments in India
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a USD145-million loan to India to improve irrigation service delivery and strengthen flood risk management in West Bengal. Earlier this month, AIIB President Jin Liqun also approved a USD65-million 250-megawatt (MW) solar power project in Jodhpur. West Bengal has 37,660 square kilometers of flood-prone […]
AIIB Invests USD500M for Low-Carbon Energy, Air Quality Improvement in China
The Asian Infrastructure Investment Bank (AIIB) is investing USD500 million to support China’s efforts to transition to a lower-carbon energy future. The Beijing-Tianjin-Hebei Low Carbon Energy Transition and Air Quality Improvement Project aims to increase the availability of natural gas to help reduce coal consumption and related emissions in the region surrounding China’s capital. With […]
AIIB Invests in Central Asia’s Largest Wind Farm with First Project in Kazakhstan
The Asian Infrastructure Investment Bank (AIIB) has approved a USD46.7-million loan for the construction and operation of a 100-megawatt wind power plant in southern Kazakhstan which, when completed, will be the largest in Central Asia. Located approximately nine kilometers southwest of Zhanatas in the southern Zhambyl region, the plant will, on a yearly basis, provide […]