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 has 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. The Government signed its first loan with AIIB in 2020 for Covid-19 emergency support .
AIIB in the Maldives
Year Project Currency Amount 2020 COVID-19 Emergency Response and Health System Preparedness Project USD 7,300,000
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