According to AIIB website, the project aims to mitigate the adverse impacts of COVID-19 on the health of the Indonesian population as well as on the country’s overall economy by providing budgetary support. The Program aims to enable the GoI to provide urgently needed social expenditures and expand its social assistance programs for the poor and vulnerable to reduce the adverse social and economic impacts of COVID-19.
Senior Investment Operations Specialist, AIIB
Mohd Sani Mohd Ismail
Senior Financial Sector Specialist, ADB
Scenaider C.H. Siahaan
Director of Loans and Grants, Ministry of Finance
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.