AIIB – non-sovereign
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The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond. It began operations in 2016. The non-sovereign portfolio of the AIIB provides financing for infrastructural projects in the private sector.
AIIB came ninth in the non-sovereign DFI assessment with 30.6 out of 100. AIIB discloses relatively large amounts of data, although much of that disclosure is in PDF format. As such, AIIB fails to score points for publishing in more accessible formats including through bulk download and to the IATI Standard. AIIB did relatively well in the ESG and Accountability to Communities component but not as well for the other four components.
AIIB came ninth in the Core Information component for the non-sovereign assessment, with 9.31 out of 20. It disclosed data for fifteen of the seventeen indicators. However, it did not score over 50% for eleven of these indicators, principally because it did not publish to IATI or disclose data in a bulk download format.
AIIB came in the bottom five in the Impact Management component with a score of 3.75 out of 25. It was the only non-sovereign DFI not to score for the impact measurement approach indicator. It only scored for the sector/country strategies and evaluations indicators. It did not score for any project-level indicators.
AIIB performed relatively well in the ESG and Accountability to Communities component, coming third out of 21 non-sovereign DFIs with a score of 16.75 out of 30. It scored for all organisation-level indicators, almost getting 100%. It was only one of three non-sovereign DFIs to score for having an independent accountability mechanism (IAM) community disclosure policy. At the project level it scored for the summary of E&S risks, E&S project plans/assessments, and IAM global disclosure indicators.
AIIB came joint bottom in the Financial Information component, with 0.75 out of 15. It only scored for the financial reports/statements indicator. It did not score for any project-level indicators.
AIIB came joint bottom in the Financial Intermediary (FI) Sub-investments component with zero points. AIIB did not disclose sub-investments for private equity fund investments nor qualifying sub-investments for bank investments.
- AIIB should become an IATI publisher and disclose all investments to the IATI Standard.
- It should make its data available in a bulk download format to improve useability and accessibility.
- AIIB should disclose further Core Information indicators including disbursement data and date of activity disclosure and consistently disclose sub-national location, domicile, total investment cost, and funding source.
- It should disclose project-level Impact Management indicators, including additionality statement, activity indicators/metrics, and results.
- AIIB should also disclose information for the impact measurement approach indicator and its evaluations.
- It should consistently disclose all E&S documents that have been produced for its projects, especially the minimum documentation for higher risk projects.
- AIIB should provide assurance of community disclosure for investments when disclosure is required.
- For Financial Information indicators it should disclose for repeat investment, currency of investment, concessionality, mobilisation, and other instrument-specific data (share of equity, interest rate, and loan tenor). It should consistently disclose for the co-financing indicator.
- It should create a policy for the disclosure of FI sub-investments including all private equity sub-investments and qualifying bank sub-investments in line with the guidance from Publish What You Fund’s DFI Transparency Tool. It should also consistently disclose the FI (bank) use of funds.