INVITATION 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 …
Author: wgonifis
Huge Overlap in Investments by MDBs, ExIM Banks, and Bilaterals on Critical Sectors
By Joe Athialy Ever since the first lending from World Bank in 1949 worth $34 million to Indian Railways and the bilateral credit India received from the erstwhile USSR and USA in the early 50s, India has been a recipient of significant funds from different multilateral and bilateral sources. While each of these lendings came …
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Gujarat groups protest the exclusion of urban poor and civil society groups from AIIB lead up the seminar on urban development in Ahmedabad
PRESS RELEASE April 18, 2018 Gujarat groups protest the exclusion of urban poor and civil society groups from AIIB lead up the seminar on urban development in Ahmedabad. Social Movements to hold a parallel conference in Mumbai along with Asian Infrastructure Bank 3rdAnnual Governors Meeting. Demands reorienting of visions from existing Multilateral development Banks towards …
CSOs Oppose AIIB’s Plan to Allow Management to Approve Projects
April 9, 2018: 62 Civil Society Groups from four continents issued a public statement to express their concern about the Asia Infrastructure Investment Bank’s (AIIB) ongoing Board meetings in which it is being proposed to empower Bank’s Management to approve some projects. “The forthcoming Board decision to delegate responsibility to AIIB Management to approve its …
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Statement from Concerned Civil Society on the AIIB’s Accountability Framework
Undermining Accountability at the Asian Infrastructure Investment Bank: A Public Statement from the Concerned Civil Society on the AIIB Accountability Framework 6 April 2018 We, the undersigned civil society groups from around the world, express our alarm and deepest concern about the AIIB’s impending decision on its Accountability Framework. At its Board meetings this April 8-11 …
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CSOs Ask AIIB’s India Executive Director to not to go Ahead on NIIF
To, Shri. M.M. Kutty Executive Director, India Asia Infrastructure Investment Bank March 14, 2018 Subject: AIIB’s proposed investment in National Investment and Infrastructure Fund Dear Shri M.M. Kutty, We are writing with regard to the AIIB’s proposed investment into India’s National Investment and Infrastructure Fund (NIIF), which will come before the Board for approval at its next …
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Tentacles of the International Finance in India
This document is an effort to compile data of investments coming into India from MDBs, ExIm banks and other bilateral investments, to help understand the landscape of financing from these institutions and helping to understand the overlaps of international financial institutions in certain key sectors.
New Report Warns AIIB to do Due Diligence before Investing in NIIF
A latest report has asked Asian Infrastructure Investment Bank (AIIB) to “tread carefully” on National Infrastructure and Investment Fund (NIIF), a fund of fund that seeks to create long-term value for domestic and international investors seeking investment in energy, transportation, housing, water, waste management and other infrastructure-related sectors in India. The report, released by the Bank Information …
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CSOs Call for Accountability and Disclosure from AIIB on its FI Investments
By Tani Alex Representatives from civil society organizations from all over the world have written a letter this week to the AIIB, drawing urgent attention to rising concerns of AIIB’s investments through Financial Intermediaries (FIs). This is in context of AIIB developing its strategy to invest more in equity and funds, without formulating robust policies and …
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The AIIB’s Investments in Financial Intermediaries: CSOs Call for Disclosure and Accountability
Via electronic mail President Jin Asian Infrastructure Investment Bank B9 Financial Street Xicheng District Beijing 10033 People’s Republic of China 19th January 2018 Copied to: Mr Joachim Von Amsberg, Vice President, jvonamsberg@aiib.orgDr. D.J. Pandian, Vice President, djpandian@aiib.org Mr Dong-Ik Lee, Project Team Leader, dongik.lee@aiib.orgMr. Hamid Sharif, Director General, CEIU, hsharif@aiib.org Mr Yuanjing Sun, Principal Communications …
Working Group on IFIs 