Mumbai Resolution of the People’s Convention on Infrastructure Financing

The Third Annual Governors Meeting of Asian Infrastructure Investment Bank [AIIB] will be held in Mumbai, India from 24-25 June 2018. This two-year-old multilateral bank is investing in all major sectors, including energy, without robust policies on environmental-social safeguards, transparent public disclosure and an accountability/complaint handling mechanism. Out of the total 24 projects, it has financed, USD 4.4 billion has already been approved.  India is the biggest recipient from AIIB with more than 1.2 billion USD supporting about six projects including Transmission lines, Capital City Development at Amravati, rural roads etc with another 1 billion USD in proposed projects.

These data are but a few from among the many that come out periodically which, we are aware, will straightaway affect our democratic systems, land, water, forests, food, livelihoods, structures and the very air we breathe on a daily basis. All these raise our concerns to an alarming level that we are forced to reflect and act on the rapid ‘reforms’ which happen in the guise of development. Unlike the World Bank and ADB who claim their development agenda in the name of the reduction in poverty and inequality, AIIB never conceals their huge interests in infrastructure financing.

Peoples’ Convention on Infrastructure Financing – A Response to AIIB (Asian Infrastructure Investment Bank) Annual Meeting is the coming together of various groups, on June 21-23, 2018, working towards a just and equitable society, threatened by the massive infrastructure push resulting in displacement and dispossession of the marginalized and destruction of natural resources, on which their livelihoods depend.

Invitation

Concept Note

Brochure

AIIB – A Sneak Peek into Challenges

Booklet: Infrastructure and AIIB, the new Infra Bank

AIIB’s Agenda and Ambition

Media Kit and Schedule

Photographs for free use: https://www.flickr.com/photos/159098579@N03/albums/72157698223280385

Press Releases:

Mumbai: People’s Convention Vows to Challenge Undemocratic & Destructive Global Finance: Resolves to Build Political and Economic Alternatives (June 21, 2018) (English)

Mumbai: Peoples’ Convention on Infrastructure Financing Challenges AIIB’s Reckless Lending: People Vow to Resist Attempt to Usurp Natural Resources & Livelihood in the Name of Development (June 21, 2018) (English)

New Delhi: Around 90 CSOs and Social Movements to Organize Thematic Workshops Parallel to AIIB’s Third AGM in Mumbai (June 14, 2018) (English)

Chennai: People’s Movements Determined to Challenge the Unbridled Expansion of Infrastructure Financing by International Financial Institutions (June 4, 2018) (English)

New Delhi: People’s Movements to Challenge AIIB’s Infrastructure Financing: Over 80 CSOs and Social Movements to Organize Events Parallel to AIIB’s AGM in Mumbai (May 16, 2018) (English)