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Article

5 Oct 2015

Author:
Asian Infrastructure Investment Bank

Consultations on Draft Environmental and Social Framework of Asian Infrastructure Investment Bank (AIIB) extended to 23 October

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Consultations on Draft Environmental and Social Framework

EXTENDED TO OCTOBER 23, 2015 [Originally 5 October]

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that will focus on the development of infrastructure and interconnectivity in Asia. It will be based in Beijing and complement and cooperate with the existing multilateral development banks (MDBs).

The 57 countries that are the Prospective Founding Members of the AIIB are developing its core philosophy, principles, policies, value system and operating platform. The Bank's foundation is built on the lessons of experience of existing MDBs and the private sector, and it will put in place strong policies on governance, accountability, financial, procurement and environmental and social frameworks. In this context, the Multilateral Interim Secretariat for Establishing the AIIB (Secretariat) has developed a Draft Environmental and Social Framework…

The input from the consultations and written submissions will inform the preparation of the final draft of AIIB's Environmental and Social Framework, which will be submitted to the AIIB's Board of Directors for approval before the AIIB begins financing any operations…The finalized Framework, and a summary of the consultations, will be posted on the AIIB website for public access…

If you are interested in participating, please write to [email protected] and instructions will be sent to you…

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