Asian Infrastructure Investment Bank [to 2 July 2016]

Asian Infrastructure Investment Bank [to 2 July 2016]
http://www.aiib.org/html/NEWS/
[We generally limit coverage to regional or Asia-wide initiatives, recognizing that a number of country-level announcements are added each week]

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AIIB’s Board of Directors establish a Project Preparation Special Fund China provides initial $50 million start-up contribution
06/25/2016
Beijing, June 25, 2016. AIIB President Jin Liqun and Chinese Vice Minister of Finance Shi Yaobin signed a Contribution Agreement today in Beijing on China’s $50 million contribution to the newly established AIIB Project Preparation Special Fund (the Fund). The Bank’s Board of Directors approved the Rules and Regulations for the Fund during its quarterly meeting on June 24, 2016. The Fund will support Bank members in preparing sound project proposals. China’s contribution, the first to the Fund, will allow it to be operational in the fall of 2016.

During the course of the Bank’s establishment, its members expressed a need for concessional resources to strengthen their project preparation capacity. The Fund is expected to provide grants to the Bank’s low and middle income member countries for preparation activities, including environmental, social, legal, procurement and technical assessments and analyses, and advisory services. The Bank will seek additional contributions to ensure the Fund’s sustainability…

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AIIB’s First Annual Meeting of its Board of Governors held in Beijing: Governors note progress during the Bank’s first 6 months of operation 06/25/2016