The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, it began operations in January 2016 and have now grown to 87 approved members worldwide. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, it aims to better connect people, services and markets that over time will impact the lives of billions and build a better future. The main sectors supported by the Bank include rural infrastructure, energy and power, environmental protection, transportation and telecommunications, water supply and sanitation, urban development and logistics.
The Maldives became a member of the AIIB on 31st December 2014 as the 23rd prospective founding member. Maldives also acts as an Advisor to the Board as part of the founding members. At present, there are no loans signed with the Bank, but the government has engaged in conversations with the Bank for assistance in the waste management sector, energy sector, and for Covid-19 emergency support.
Website link: www.aiib.org/en/index.html
Governor for the Maldives at the AIIB: Mr. Ibrahim Ameer
Alternative Governor for the Maldives at the AIIB: Mr. Mohamed Aslam
Advisor to the Board Director (Constituency 03): Mr. Fayyaz Ismail