AIIB joins global infrastructure facility to enhance multilateral cooperation

The Asian Infrastructure Investment Bank (AIIB) is expanding into a new partnership by becoming a technical partner of the Global Infrastructure Facility (GIF). By working together, AIIB and GIF will be able to leverage their respective resources to more effectively mobilize private capital to develop and finance sustainable infrastructure projects for resilient and inclusive economic growth. This is AIIB’s first accreditation with a global partnership facility, enabling the Bank to expand its resources to serve a broader range of members and further its role in private capital mobilization, in line with one of the thematic priorities set out in its Corporate Strategy.

“The development and financing needs for complex infrastructure projects far exceed the capacity of the public sector. As a technical partner of GIF, we will be able to bridge gaps in the development and preparation of high-quality and sustainable infrastructure projects, leverage private financing, and build capacity. In addition, we will be able to create a conducive institutional and regulatory environment in our members’ economies for public-private partnership,” said Joachim von Amsberg, AIIB Vice President for Policy and Strategy.

Following the signing of the Financial Procedures Agreement with the World Bank (the GIF Trustee) last month, AIIB will have access to GIF funds, knowledge, and expertise to support its clients in preparing bankable infrastructure projects and attracting much-needed private capital into the infrastructure sector. As a GIF technical partner, AIIB will enhance its collaboration with other multilateral development banks to support major infrastructure projects by bringing both its sectoral experience and expertise to the platform. AIIB will further contribute to the development of high-quality projects by providing technical assistance and capacity building.