The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a new governance model that will strengthen its role in establishing the policies and strategies of the bank and its ability to hold the President accountable for the management of AIIB. It will also delegate authority to the President to approve a select group of projects based on predetermined criteria. This new model is expected to enhance efficiency and make the President more responsible and accountable to the shareholders for AIIB’s operations.
A strong risk culture, coupled with an oversight mechanism, is currently being established at AIIB as part of the transition to a new governance framework. The framework also lays out clear reporting and performance guidelines to reinforce the Board’s oversight role. "AIIB was envisioned to be a new kind of multilateral development bank with twenty-first century governance," said Jin Liqun, President of AIIB. "We drew upon international best practices in developing our new accountability framework that places more responsibility for decision-making on management and staff. We believe this will embed a culture of accountability at the bank, which will in turn lead to more rigor and ownership placed on project outcomes."
"The accountability framework strengthens and clarifies the respective responsibilities of Management and the Board. It reinforces the Board’s strategic role and enhances its ability to hold Management accountable," said Sir Danny Alexander, Vice President and Corporate Secretary, AIIB. "Getting to this point was a very collaborative process, and as a result, I believe we are now in an even stronger position as an institution to succeed in our mission to support sustainable economic development for people in Asia."
Further details about the framework can be found on AIIB’s website.
About us
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond. Headquartered in Beijing, we commenced operations in January 2016 and have now grown to 87 approved members from around the world. By investing in sustainable infrastructure and other productive sectors today, we will connect people, services and markets that over time will impact the lives of billions and create a better tomorrow.
Beijing, April 01, 2025
AIIB Statement on Myanmar and Thailand Earthquake
The Asian Infrastructure Investment Bank (AIIB) expresses its sincere condolences to all those affected by the recent earthquake in Myanmar and Thailand.
READ MOREBeijing, March 31, 2025
AIIB Launches 2025 Presidential Election
The Asian Infrastructure Investment Bank (AIIB) has opened the nomination process for the election of its next president. The election will be conducted at the 10th Annual Meeting of the Bank’s Board of Governors on June 24-26, 2025.
READ MOREBeijing, March 24, 2025
Registration Now Open for the 2025 AIIB Annual Meeting
The Asian Infrastructure Investment Bank (AIIB) is pleased to announce that registration is now open for the Tenth Annual Meeting of the Board of Governors on June 24-26, 2025, in Beijing, China—home to AIIB’s Headquarters.
READ MOREVienna, March 13, 2025
AIIB, IFC Join Forces to Support Green Energy Transformation in Central and Eastern Europe
Kommunalkredit Austria AG (Kommunalkredit), a recognized leader in infrastructure financing, is issuing a €200 million bond with the International Finance Corporation (IFC)–a member of the World Bank Group–and the Asian Infrastructure Investment Bank (AIIB) each investing up to €100 million. This collaboration will help accelerate the green energy transition in Central and Eastern Europe (CEE) and Türkiye, with a focus on renewable energy projects, particularly wind power, as part of the region’s broader commitment to decarbonization.
READ MORE