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 …
Continue reading Statement from Concerned Civil Society on the AIIB’s Accountability Framework
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 …
Continue reading CSOs Ask AIIB’s India Executive Director to not to go Ahead on NIIF
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.
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 …
Continue reading New Report Warns AIIB to do Due Diligence before Investing in NIIF
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 …
By Nancy Alexander This year, the G20 Finance Ministers and Central Bank Governors’ Meeting on October 12-13 overlapped with the IMF-World Bank annual meeting on October 13-15 in Washington, DC. As of December 1, 2017, Argentina becomes G20 President with the past and future Presidents (Germany and Japan, respectively) as part of the G20 Troika. …
Continue reading IMF and World Bank: Marching to a G20 Tune?
Financial Analysis of the Blue Economy: Sagarmala’s Case in Point by Dr Himanshu Damle of Public Finance Public Accountability Collective, New Delhi and could be reached at himanshudamle@pfpac.net The article was originally published here in an abridged form.
By Joe Athialy and Monalisa Barman For Indian corporations, the grass seems to be getting greener the other side. Investments and acquisitions abroad have been the hallmark of Indian corporations the past decade and a half. While acquisitions of Jaguar Cars and Land Rover & Corus in the UK, Kashagan Oilfields in Kazaksthan, Port Terminals in …
Continue reading India’s Investments Abroad: How Accountable Are We!
By Tani Alex For those closely looking at the trajectories of IFIs, especially the current trends of the New Development Bank (NDB) or the BRICS Bank, well, it’s all pancakes and fritters with news of NDB and BRICS Xiamen Summit all around. The Bank, with 11 projects of over $1.5 billion already in their sack …
~ Maju Varghese Every year, India pays an enormous amount of money as commitment charges to the multilateral institutions for not utilising the loans sanctioned by them. Investopedia defines commitment charges as the fee charged by the lender to a borrower for an unused or un-disbursed loan since it has set aside the funds for the …
Continue reading India paid over 600 crores between 2009-2015 to the IFIs for not using their loans
Working Group on IFIs 