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Interactive Map on Asian Infrastructure Investment Bank's proposed projects likely to cause human & environmental rights abuses

Author: International Accountability Project & NGO Forum on ADB, Published on: 9 August 2018

The Asian Infrastructure Investment Bank (AIIB) just concluded its 3rd Annual Meeting in Mumbai, India…Learn more about the AIIB’s proposed and approved investments in our interactive map. As of June 2018, AIIB has approved 40 projects in 16 countries and proposed an additional 16 projects for funding…[T]he predominant sectors for investment are energy, transport, water, and infrastructure… 

Civil society groups have raised concerns about the restrictions that co-financing may impose on communities’ access to accountability and effective remedy.  Most AIIB projects are co-financed with other development finance institutions, though increasingly the AIIB appears to propose standalone projects. The World Bank Group — World Bank and its private-sector arm, the International Finance Corporation– make up the bulk of development institution co-financing with the AIIB, which means that those institutions’ environment and social safeguard policies, and accountability mechanisms, may apply to the project…

Finally, most approved projects have been designated with a risk categorization of Category B, with communities receiving an average of 25 days’ disclosure before a project is approved by the AIIB’s non-resident board.  Choose a risk category to learn more.

Read the full post here