Asia: IFC Emerging Asia Fund (AIIB-000031)

  • East Asia and Pacific
  • South Asia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 27, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 640.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Nov 8, 2017

Disclosed by Bank Jun 30, 2017

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Project Description
According to AIIB website, the IFC Emerging Asia Fund is being formed to provide investors with the opportunity to invest in IFC's proprietary pipeline of investments in Emerging Asia. The Fund has a target size of US$1 billion and intends to select equity and quasi-equity investments in companies, entities or other arrangements to build a diversified portfolio of investments across Emerging Asia. The Bank seeks to commit US$150 million to the Fund. The Project is well aligned with the Bank's mandate to (i) foster sustainable economic development, create wealth and improve infrastructure connectivity in Asia by investing in infrastructure and other productive sectors, and (ii) promote regional cooperation and partnership in addressing development challenges by working in close collaboration with other multilateral development institutions such as the IFC.
Investment Description
  • Asian Infrastructure Investment Bank (AIIB)
Total AIIB financing will be $150 USD million. The IFC is investing $150 USD million. The total project cost is estimated to be $640 USD million.
Contact Information
Project Team Leader: Mr. Thomas Walenta Asian Infrastructure Investment Bank (AIIB) Phone Number: +86 10 8358 0068 Email Address: Ms. Saadia Khairi Co-Head, IFC Emerging Asia Fund Phone: +1 202 473 0735 Email: Mr. Andrew Yee Co-Head, IFC Emerging Asia Fund Phone: +65 6517 1240 Email: ACCOUNTABILITY MECHANISM OF AIIB In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.