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Asian Infrastructure Investment Bank (AIIB)

Danny Alexander is the outgoing vice-president for policy and strategy at the Asia Infrastructure Investment Bank. He joined the bank in 2016. Photo: David Wong

VP of China-based AIIB says bank has proven doubters ‘100% wrong’

With 110 member states and years of experience, AIIB vice-president says Beijing-based development bank a model for multilateralism.

With 110 member states and years of experience, AIIB vice-president says Beijing-based development bank a model for multilateralism

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AIIB adds new member as development bank embarks on grand global mission

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Amid China-EU tensions, society is in harm’s way: former Finnish prime minister

Explainer | What, where, how: the next 10 years of China’s evolving Belt and Road Initiative

With focus of global trade plan shifting, gone may be the days when huge infrastructure projects left partner countries holding a big bill and facing environmental implications.

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A family rides past a decoration in the shape of the national flags of China and Pakistan ahead of a visit to the capital city of Lahore by Chinese Vice-Premier He Lifeng in July last year to mark the 10th anniversary of a mega economic plan that is the cornerstone of Beijing’s Belt and Road Initiative. Photo: AFP

Opinion | As Western-led order crumbles, can China and India fulfil their destinies?

In spite of their border dispute, India and China have been steering a course for continued dialogue and cooperation.

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Opinion | Alliances like Nato out of touch with world in need of human security

In an era where climate change, food and energy security and poverty top the agenda, military-focused alliances are not fit for purpose.

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Asian infrastructure bank’s chief looks to fund Asean climate projects

Asean nations need to ‘ramp up efforts to finance climate change mitigation and adaptation projects’, Jin Liqun says.

An aerial picture shows a floating solar power plant at Cirata Reservoir in West Java, Indonesia on November 9, 2023, shortly before its inauguration. Photo: AFP

Open questions | Brazil’s vice-president talks China ties and boosting trade amid complaints

Geraldo Alckmin also discusses the decision to impose tariffs on Chinese steel and Beijing’s help after his country’s worst climate disaster.

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Former UK politician Danny Alexander to helm HSBC’s new infrastructure unit

HSBC Infrastructure Finance will tap infrastructure financing and advisory opportunities associated with the transition to a low carbon economy.

Opinion | Is the AIIB afraid to hear the true impact of its investments in Asia?

Despite the perception of multilateral development banks as forces of good with do-no-harm mandates, the evidence shows they do actually cause harm. The AIIB was the first such bank to include an oversight mechanism in its founding documents, but it is nearly impossible for people affected to access it.

A Dukha herder tends his reindeer in the forest of northern Mongolia. Nomadic herders in Mongolia have suffered as their livelihoods are hit by climate change and development projects that damage the environment, but avenues for redress are often limited. Photo: Byamba Ochir

Opinion | China-EU cooperation needed to safeguard globalisation’s future

Amid Sino-US competition, China and Europe can keep the world on a multipolar keel by cooperating in four crucial domains.

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Illustration: Craig Stephens

Singapore’s Seraya closes US$800 million fund backed by BlackRock and AIIB

The oversubscribed fund will focus on bolstering Asia’s digital infrastructure and energy transition with investments in companies including a green data centre operator and an offshore wind farm vessel operator.

Canada expands probe of China-backed Asian Infrastructure Investment Bank

The government is also suspending its participation in the multilateral organisation indefinitely, Deputy Prime Minister Chrystia Freeland says.

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Opinion | Sino-US conflict, China crash? Xi-Biden dialogue suggests otherwise

US dialogue efforts, President Xi Jinping’s warm reception in San Francisco, including from business leaders, and China’s still-impressive economic growth say it all.

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US President Joe Biden gives a thumbs-up as he walks with Chinese President Xi Jinping at Filoli estate on the sidelines of the Apec summit, in Woodside, California, on November 15. Photo: Reuters

As economic momentum falters, China tries to maintain hold on global influence

Beijing sends out officials to counter this ‘peak status’ perception, acknowledging short-term problems but framing long-term economic growth as inexorable.

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Illustration: Brian Wang

Opinion | From wars to global warming, world is crying out for collective action

Amid increased geopolitical strife, our interconnected world requires a collaborative approach on global warming, wars, infrastructure, public health, trade, and more, to safeguard our shared home.

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Exclusive | Hong Kong’s ‘back in business’ claim rings true to Deutsche Bank CFO

Hong Kong is ‘very much back in motion’, James von Moltke says after the German lender hosts a board meeting in the city. German clients have ‘no sense of a separation of the links’ between the German and Chinese economies, he adds.

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Macroscope | The West should work with China to build infrastructure – not against it

As the West starts to find its feet with financing for its infrastructure, it would be a pity if the largesse was used to compete with China, when the global scale of the challenge calls for cooperation.

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The city of Almaty, in Kazakhstan, from where the China-Kazakhstan (Lianyungang) logistics cooperation base was launched in 2014 as the first belt and road project. It has since become an important platform for products from Central Asian countries to reach seaports. Photo: Xinhua

Opinion | How the IMF, World Bank can survive a world war on free markets

China’s rise and US protectionism have raised questions about the Western economic model, which has helped cause turbulence in emerging economies. Global agreement is needed on a more universal model.

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Is the Beijing-Berlin financial pledge a ‘thaw’ in Germany’s ties with China?

Dialogue between the two countries is recovering, with top-level commitments on the weekend, analyst says.

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Chinese-backed AIIB seeks to boost Ivory Coast’s trade links to Asia

The project to upgrade 7,000km of roads will help link the agricultural north of the country with major export hubs, including the port of Abidjan.

China-backed AIIB is financing a project to open up the predominantly agricultural region of the northern Ivory Coast to trade with Asia. Photo: Reuters

Opinion | How Malaysia, China can deepen ties amid South China Sea tensions

Both countries must look beyond trade and investment as their bridges, diversifying their areas of close cooperation. Technology, sustainability and culture are vital avenues.

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Malaysian Prime Minister Anwar Ibrahim meeting Chinese President Xi Jinping in Beijing on March 31. Photo: Prime Minister’s Office of Malaysia

Solomon Islands joins China-backed AIIB days after PM snubs Biden invite

COP28 president designate praises bank’s new climate action plan; new report questions AIIB accountability process.

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Inside Out | For all its flaws, China’s belt and road has lifted the Global South

China understood the critical need for infrastructure, though it perhaps underestimated the challenges of putting together long-gestation infrastructure projects. Whatever the criticism and the numerous projects that have fallen short of expectations, there is infrastructure being built that would never otherwise have been built.

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Opinion | To counter China’s Global South dominance, US must put trade before arms

The US still has distinct advantages, including, critically, a growing population. But it must ease off sanctions and its single-minded focus on security.

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India’s Prime Minister Narendra Modi (right), US President Joe Biden (centre) and other world leaders arrive to pay respects at the Mahatma Gandhi memorial at Raj Ghat, on the sidelines of the G20 summit in New Delhi on September 10. Photo: Pool / AFP /Getty Images / TNS

Inside Out | A fairer, China-led reality awaits US commerce chief Raimondo

Developing countries want a stronger voice in international decision-making and in setting the rules and practices of the future multilateral architecture, and are taking practical steps to achieve that.

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US Commerce Secretary Gina Raimondo delivers remarks alongside South Korean President Yoon Suk-yeol during a US-Korea Business Forum at the US Chamber of Commerce in Washington on April 25. Photo: TNS

Opinion | Three lessons the AIIB learned after Pickard’s storm in a teacup

The development bank’s reputational crisis underlined the importance of best practice in crisis communications and staff conduct, and the need for a better understanding of Communist Party membership.

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China wants new BRICS members, but India, Brazil worry about ‘losing influence’

Neither India nor Brazil want to lose influence in the bloc, but observers say New Delhi’s recent tilt to the West mean its ‘makes sense’ for other BRICS members to back Beijing’s push to welcome Saudi Arabia, Indonesia and others into the fold.

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Asian Infrastructure Investment Bank (AIIB)
The Asian Infrastructure Investment Bank (AIIB) is a China-led international financial institution created to offer finance to infrastructure projects as part of China's Silk Road initiative, with a focus on bolstering links across Asia, the Middle East, Africa and Europe. Some government officials and analysts have said growing dissatisfaction among emerging economies at the failure to reform the International Monetary Fund's decision-making system encouraged China to set up the new international lender, with 57 participating countries.    
Chairman / President
Jin Liqun
CEO / Managing Director
Luky Eko Wuryanto
CFO / Finance Director
Andrew Cross
Industry
Finance
Website
aiib.org/en/
Headquarters address
Beijing, China
Year founded
2016
last updated:
28 August, 2024
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