About the Asian Infrastructure Investment Bank (AIIB)
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. Established in 2016, AIIB has since grown to 105 approved members worldwide. Working with partners, the AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.
The AIIB provides financing in a variety of ways, including, inter alia, making loans, investing in the equity capital of an enterprise, and guaranteeing, whether as primary or secondary obligor, in whole or in part, loans for economic development. In addition, the Bank may underwrite, or participate in the underwriting of, securities issued by any entity or enterprise for purposes consistent with its purpose.
It is headquartered in Beijing, China.
View AIIB’s website here.
The AIIB and CAREC
The AIIB is one of the seven multilateral institutions that support CAREC. It actively participates in institutional events, such as the ministerial conferences and senior officials meetings, as well as in sector coordinating committees’ meetings.
The AIIB has supported projects in the CAREC priority areas. Between 2016 and 2021, it approved approximately $575 million for projects aligned with CAREC 2030’s five operational clusters.
The AIIB operates in 10 of the 11 CAREC countries—Afghanistan, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, and Uzbekistan.