The Asian Infrastructure Investment Bank (AIIB) is a multilateral development institution focused on fostering sustainable economic development, creating wealth, and improving infrastructure connectivity in Asia. The Bank was established in 2016 by 57 founding Members (37 regional and 20 non-regional) and currently has 105 members worldwide. In 2020, AIIB approved US$9.98 billion, of which US$6.23 billion was disbursed to finance 45 projects distributed across eight sectors.
DevelopmentAid, in collaboration with the AIIB, invites suppliers, contractors, and consultants interested in discovering business collaboration opportunities with the Bank to join the webinar on “Doing Business with the AIIB: Procurement Framework and Best Practices”. During this webinar, our guest speakers will introduce the AIIB, delve into the Bank’s procurement policy and procurement guidelines, and provide a set of useful tips to support potential AIIB recipients to achieve the successful implementation of projects financed by AIIB.
In September 2020, the AIIB approved its latest corporate strategy which sets out the ‘technology-enabled infrastructure’, also known as the Infrastructure for Tomorrow (i4t), with investments as a thematic priority. Through this program, the Bank will assert its firm commitment to investing in sustainable infrastructure which is environmentally friendly, financially and economically effective, and socially inclusive.
Fig.1. Four thematic sub-priorities under i4t
Source: AIIB Overview – Infrastructure for Tomorrow: the four thematic priorities.
Between 2016 and 2020, the AIIB initiated and funded a total of 108 projects across eight sectors with an aggregated value of around US$22 billion. Overall, the majority of projects (69) were distributed across four sectors with the Energy (22), Transport (18), Finance (18), and Water (11) sectors having the highest number of projects. At the same time, the Urban (5) and ICT (5) sectors had five projects each within this period, followed by the RIAD sector with one project initiated in 2019. It is worth noting that there are 28 projects grouped under the Other sector which includes 27 projects initiated in 2020 that aimed to reduce the landslide vulnerability in Sri Lanka and one COVID-19 Crisis Recovery Facility project initiated in 2019.
A clear growing trend can be observed in the level of financial investments allocated or mobilized by the Bank within a certain timeframe. The maximum amount of investments was reached in 2020 when the value of annual approvals reached US$9.98 billion which is US$8.29 billion more than in 2016.
Fig.2. Number of projects by sector (2016 – 2020)
Source: AIIB Annual Report (2020) – 1.2.3. Projects by Sector (p.3).
*Projects under the COVID-19 Crisis Recovery Facility: public health (8), alleviation of liquidity constraints (7), and economic resilience (12).
** Sri Lanka: Reduction of Landslide Vulnerability by Mitigation Measures.
Fig.3. AIIB’s investments by year (2016-2020, US$ billion)
Source: AIIB Annual Report (2020) – 1.2.4. US Dollar Investments (p.4.)
Invitation to a Webinar
DevelopmentAid, in collaboration with the AIIB, invites you to attend the webinar on “Doing Business with the AIIB: Procurement Framework and Best Practices” which will take place on 1 September 2022 at 10 am (Brussels) / 4 pm (Beijing).
Key takeaways
- Get to know the AIIB and its mission
- Discover the specifics of the AIIB’s procurement policy
- Learn how to approach AIIB funding opportunities for goods, infrastructure construction works, and services
- Understand the eligibility criteria to participate in these tenders as a supplier, contractor, or consultant.
Speakers
- Ludger Schuknecht, Vice President and Corporate Secretary at AIIB.
Ludger is responsible for the AIIB’s relations with its Members, the Board of Governors, the Board of Directors, and other aspects of governance. Before joining the AIIB in August 2021, he held important leadership posts at both national and international levels. Most recently, he was a Visiting Professor at the Lee Kuan Yew School of Public Policy in Singapore. Prior to this role, he was the Deputy Secretary-General at the Organization for Economic Co-operation and Development and was previously Chief Economist and Director General of Germany’s Federal Finance Ministry. Ludger has extensive experience working with international financial institutions including the International Monetary Fund and the World Trade Organization. He also acted as the Chief Negotiator for Germany in the founding of the AIIB, making him one of the architects of the AIIB and one of the drafters of its Articles of Agreement. In addition, Ludger, who is from Germany, was Co-chair of the Infrastructure Investment Working Group of the G20. He holds a Vordiplom in Economics from Ludwig Maximilian University of Munich, Germany, an MA in Economics from George Mason University, USA, and a Ph.D. in Economics and a Habilitation in Economics from Universität Konstanz, Germany.
- Ignatius Santoso, Team Leader of Operational Procurement Team at the AIIB.
Ignatius is in charge of the management and leadership of the AIIB’s operational procurement team, providing guidance and support to internal clients and external stakeholders on the AIIB’s procurement policy.
- Yunlong Liu, Senior Procurement Specialist, Operational Services Department at the AIIB
Yunlong is responsible for carrying out procurement fiduciary oversight and supporting the AIIB’s project recipients to ensure that procurement for projects financed by the AIIB and implemented by executing agencies complies with the AIIB’s procurement policy and procedures.
- Yanning Wang, Director General of the AIIB’s Operations Services Department
Yanning is responsible for managing the Operational Services Department which supports all the operational fiduciary needs for both the sovereign and non-sovereign operations of the Bank. Prior to joining the AIIB, he held multiple leadership positions within the Government of China, the World Bank, and the Asian Development Bank (ADB). During his service as a government official, he led the development of a number of East Asia regional financial integration initiatives in response to the 1997 and 2008 financial crises. He also oversaw a large portfolio of multilateral development banks’ financing activities in China. Within the World Bank, Yanning served as Operations Advisor for the East Asia and Pacific Region leading quality assurance for operational deliveries and implementation support for investment activities. He also served on the Board of Executive Directors of the ADB. Yanning holds a MA degree in economics from McGill University and a BA degree in English literature from Nanjing University.
Host
- Elena Rata, External Relations & Events at DevelopmentAid
