According to the bank's website, "The Project is a sovereign-backed financial intermediary loan to the People's Republic of Bangladesh, in which AIIB funds will be channeled through the Infrastructure Development Company Limited (IDCOL) to privately-owned companies to invest in eligible infrastructure projects in Bangladesh. The loan will provide IDCOL with long term financing, given the huge market demand and the need to scale up the availability of long-term funding for infrastructure projects. The Project envisages catalyzing commercial funding for public-private partnership (PPP) projects, thereby reducing the pressure of direct financing on the public budget and raising the quality and standards of infrastructure projects."
Infrastructure Development Co. Ltd. Nazmul Haque
Director (Investment) & Head of Advisory
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.