Pakistan: Sustainable and Climate Resilient Infrastructure Guarantee (AIIB-000972)

Countries
  • Pakistan
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 19, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Ministry of Finance, Rabia Ahmed
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Education and Health
  • Energy
  • Infrastructure
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 125.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AIIB website

Updated in EWS Nov 11, 2026

Disclosed by Bank Aug 24, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank's website, the approved project aims to support Pakistan’s development of sustainable and climate-resilient infrastructure in the water, energy, and health sectors by mobilizing private capital through a Partial Debt Guarantee. The Government of Pakistan issued its debut privately placed three-year CNY Bond (the Bond) in China’s Interbank Bond Market (CIBM) in May 2026 with a Bond principal of USD250 million equivalent in CNY co-guaranteed support (the Guarantee) from the Asian Infrastructure Investment Bank (AIIB or the Bank) and the Asian Development Bank (ADB). AIIB provided a three-year Partial Debt Guarantee (PDG) with a maximum guaranteed amount of USD125 million equivalent in CNY (the Project). The Bond proceeds will enable the government to support four sustainable and climate-resilient infrastructure subprojects in the water, energy, and health sectors. The subprojects of the Bond will align with the Paris Agreement and Pakistan’s Sustainable Financing Framework (PSFF). This Bond will support the government in diversifying its external funding sources. 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

 

Maximum Guaranteed Amount: Up to USD285 million equivalent in CNY to be co-guaranteed by AIIB and ADB as follows:

AIIB’s PDG: Up to USD125 million equivalent in CNY.

ADB’s PCG: Up to USD160 million equivalent in CNY.

AIIB’s financial exposure under the PDG: 95% of outstanding Bond principal plus accrued but unpaid Bond interest. 


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Asian Infrastructure Investment Bank

Project Team Leader: Yi Han

Title: Investment Officer 

Email: yi.han@aiib.org 

ADB

Project Team Leader: Xijie Lu 

Title: Urban Development Specialist 

Email: xijielu@adb.org 

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

How it works

How it works