According to the project website, this proposed AIIB funding would support a "new platform business that will purchase infrastructure loans from financial institutions and distribute them to institutional investors through securitization or other formats." The purported objectives of this platform would be: (1) to develop infrastructure capital markets for sale to institutional investors; (2) to "mobilize a new pool of institutional capital for Asian infrastructure"; and (3) "to support the recylcing of infrastructure lending of banks' balance sheets."
At the time of disclosure, the environmental and social risk category was "N/A."
By year five, AIIB will have disbursed up to US$ 54 million of equity capital to the platform, with the remaining US$ 126million funded by other investors and partners. Total debt financing of up to US$ 1.8 billion could be raised to support the platform. The proceeds will be used mainly for funding loans and investments and support operations of the platform.
Stefen Shin / Senior Financial Institutions Relationship Office
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.