According to the project disclosure, the objective of this operation is to improve AIIB's balance sheet structure and provide greater lending capacity to both AIIB and IBRD.
The proposed Project responds to a recommendation made in November 2022 by the G20 Capital Adequacy Frameworks working group for multilateral development banks to expand the use of financial innovation to provide additional lending headroom.
This Project would enable the Asian Infrastructure Investment Bank to deploy some of its capital surplus to provide a Guarantee facility to the International Bank for Reconstruction and Development, thereby diversifying AIIB's sovereign-backed lending exposure and enhancing AIIB's lending capacity to members with lower credit ratings, as well as alleviating existing constraints on IBRD's capital adequacy limits on providing financing.
This Project will comprise a series of Guarantees in the maximum aggregate amount of one billion USD covering IBRD loans previously approved to various members of AIIB.
AIIB Team Leaders:
Jin Wang - Senior Investment Operations Specialist
Oliver Burnage - Head of Portfolio Risk Management & Reporting
IBRD Team Leader:
Daniel Villar - Adviser to the Group Chief Credit Officer
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan 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 AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó 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