The asian infrastructure investment bank aiib stems from an initiative by china, joined by the parties to the memorandum of understanding of october 24, 2014 mou, recognizing the importance of infrastructure to the development of asia and the need for considerable additional longterm financing for infrastructure in the region. Development bank and african development fund, hereinafter collectively referred to as the afdb group, and the asian infrastructure investment bank. Key facts and figures the asian infrastructure investment bank aiib has a mandate to foster the development of infrastructure and other productive sectors on the asian continent. The asian infrastructure investment bank aiib and chinas belt and road initiative bri at first glance appear to be two hands connected to the same body. The asian development bank adb and the asian infrastructure investment bank aiib have agreed to the present memorandum of understanding mou. Epsc strategic notes the asian infrastructure investment bank. Infrastructure investment bank has the potential to be. As its name suggests, the bank s stated purpose is to provide financing for infrastructure needs throughout asia, as well as in neighboring regions.
Asian development bank, asian infrastructure investment bank subject the purpose of this memorandum of understanding \ mou \ is to strengthen and facilitate collaboration, including cofinancing, between the adb and aiib in matters of common interest, and to set out areas for a more strategic cooperation in the asia regio\ n, towards the. Investment bank aiib reflects the greater economic importance of. The asian infrastructure investment bank european commission. Asian infrastructure investment bank aiib is a multilateral development bank with a mission to. The asian infrastructure investment bank aiib is a multilateral development bank that aims to support the building of infrastructure in the indopacific region. Our work aiib asian infrastructure investment bank. The goal of the asian infrastructure investment bank aiib is to contribute to. Pdf aligning the asian infrastructure investment bank aiib with. Memorandum of understanding between the interamerican. The asian infrastructure investment bank aiib, or the bank marks the first endeavor of asian developing countries as initiators, with china at the center, in multilateral development financing. This memorandum of understanding hereinafter referred to as the mou, dated. We are the asian infrastructure investment bank aiib, a multilateral development bank with a mission to improve social and economic outcomes in asia. Asian infrastructure investment bank, an introduction 2019. Watch partner nicholas adkins talk to tan sri dato dr michael yeoh chairman of the world chinese economic forum about the asian infrastructure investment bank, of.
The asian infrastructure investment bank aiib is a multilateral development bank with a mission to improve social and economic outcomes in asia. The asian infrastructure investment bank aiib is an international financial institution proposed by china to provide financing for infrastructure. Memorandum of understanding hereafter referred to as the. Chinese president xi jinping announced its creation during a tour of southeast asia in october 20. Memorandum between the european bank for reconstruction and development.
Understanding hereinafter referred to as the mou, as follows. Adb and aiib have a mutual interest in achieving sustainable growth, climate change mitigation and adaptation, and promoting regional cooperation and partnership towards a. Convinced that the establishment of the bank as a multilateral financial institution focused on infrastructure development will help to mobilize much. This memorandum of understanding strengthens and facilitates collaboration, including cofinancing, between adb and aiib in matters of common interest, and sets out areas for a more strategic cooperation in the asian region. The bank currently has 78 members as well as 24 prospective members from around the world. The real role of the aiib in chinas new silk road forbes. Memorandum of understanding for strengthening cooperation. Memorandum of understanding hereinafter referred to as the.
Member countries an mou was signed by the 22 countries to become the members of the asian infrastructure investment bank in oct. Headquartered in beijing, we began operations in january 2016 and have now grown to 102 approved members worldwide. The asian infrastructure investment bank aiib and the european bank for reconstruction and development ebrd agreed on wednesday to deepen cooperation between their two organizations. A case study of multifaceted containment article pdf available in asian perspective 402 april 2016 with 736 reads how we measure reads. Understanding the asian infrastructure investment bank. World bank to deepen cooperation with aiib business. World bank and the asian infrastructure investment bank aiib signed a memorandum of understanding here on sunday to strengthen cooperation between the two institutions. Through a participatory process, its founding members are developing its. Pdf this report covers csos perspectives on the aiib financed projects in the. The asian infrastructure investment bank aiib is a multilateral development bank mdb conceived for the 21st century. Memorandum of understanding between the asian infrastructure. Memorandum of understanding asian development bank adb.