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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.
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.
Project Team Leader: Mr. Thomas Walenta
Asian Infrastructure Investment Bank (AIIB)
Phone Number: +86 10 8358 0068
Email Address: thomas.walenta@aiib.org
Ms. Saadia Khairi
Co-Head, IFC Emerging Asia Fund
Phone: +1 202 473 0735
Email: skhairi@ifc.org
Mr. Andrew Yee
Co-Head, IFC Emerging Asia Fund
Phone: +65 6517 1240
Email: ayee1@ifc.org
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides “an opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIB’s failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.” Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html.
The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html.