The Asian Infrastructure Investment Bank (AIIB) announced at COP27 that it has joined the Coalition for Climate Resilient Investment (CCRI), fostering a strategic partnership to apply climate-resilient solutions. Launched at the UN Climate Action Summit in 2019 as a private sector-led initiative, CCRI supports investors and policy makers to better understand and manage physical climate […]
AIIB Commits USD300 Million to ETAF at COP27 to Further Support Energy Transition – EQ Mag Pro
Three new partners have officially joined the Energy Transition Accelerator Financing Platform (ETAF), IRENA’s global climate finance program aimed at mobilizing capital to scale up renewable project funding in developing countries by 2030. Cooperation agreements with the Asian Infrastructure Investment Bank (AIIB), Masdar and Swiss Re were signed on-site at the UN Climate Change Conference […]
AIIB, OPEC Fund Advance Partnership for Global Infrastructure Funding – EQ Mag Pro
The Asian Infrastructure Investment Bank (AIIB) and the OPEC Fund for International Development (the OPEC Fund) have signed a Memorandum of Understanding (MOU) to expand their operational and strategic cooperation to finance global public and private sector projects, promoting sustainable, resilient and high-standard infrastructure development. “We look forward to further strengthening our collaboration with OPEC […]
AIIB Signs USD200M On-lending Facility to Support Sustainable Infrastructure Development in Bangladesh – EQ Mag Pro
The Asian Infrastructure Investment Bank (AIIB) and the Government of Bangladesh have signed a USD200-million on-lending facility to Infrastructure Development Co. Ltd (IDCOL) to finance infrastructure projects in Bangladesh, marking AIIB’s first investment through a financial institution into infrastructure in the country. IDCOL is a government-owned nonbanking financial institution established for infrastructure financing in Bangladesh. […]
AIIB Increases Funding for Renewables in Turkey Through TKYB – EQ Mag Pro
Additional USD100M for Renewable Energy and Energy Efficiency Projects The Asian Infrastructure Investment Bank has approved an additional loan of USD100 million to Türkiye Kalkınma ve Yatırım Bankası (TKYB) for the TKYB Renewable Energy and Energy Efficiency On-Lending Facility established to invest in renewable energy and energy efficiency projects. This approval will increase AIIB’s loan […]
AIIB to Fully Align with Paris Agreement Goals by Mid-2023
Currently projects USD50 billion investment for climate finance by 2030 The Asian Infrastructure Investment Bank (AIIB) announced today that it will align its operations with the goals of the Paris Agreement by July 1, 2023. The Bank currently estimates its cumulative climate finance approvals to be USD50 billion by 2030. This amount would represent a […]
AIIB and IRENA Team-Up to Accelerate Energy Transition – EQ Mag Pro
The Asian Infrastructure Investment Bank (AIIB) and the International Renewable Energy Agency (IRENA) have signed a Memorandum of Understanding (MOU) committing to work together to support energy transition and promote renewable energy. The MOU was signed on Sep. 20 by AIIB President, Jin Liqun, and IRENA Director-General, Francesco La Camera, at a virtual ceremony to […]
AIIB Commits USD50M at the Initial Closing of the SUSI Asia Energy Transition Fund
Mobilizing private capital for the emerging market sustainable energy sector. The Asian Infrastructure Investment Bank (AIIB) is commiting USD50 million to the SUSI Asia Energy Transition Fund, contributing to its first closing held this week. The fund targets sustainable energy infrastructure investments across the energy transition spectrum, from renewable energy generation to energy efficient measures, […]
AIIB Launches Sustainable Development Bond Framework
Includes Commitment to Report on the Bank’s Environmental and Social Impacts. Today, the Asian Infrastructure Investment Bank (AIIB) launched a new framework to help the investor community better assess how the Bank is living up to its sustainability commitments. The Sustainable Development Bond Framework clearly outlines how AIIB is adhering to the principles set out […]
India, AIIB sign agreement to improve Assam power transmission
The project aims to strengthen Assam’s electricity transmission system by constructing 10 transmission substations New Delhi: India and the Asian Infrastructure Investment Bank (AIIB) on Tuesday signed a $304 million loan agreement for the Assam Intra-State Transmission System Enhancement Project to improve reliability, capacity and security of the power transmission network in the northeastern state. […]