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Home / DFI Index / DFI Transparency Index 2023 / AIIB – sovereign
DFI

DFI Transparency Index 2023

AIIB – sovereign

Score:
47.1
Position:
6 / 9

Overview

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 sovereign portfolio of the AIIB provides financing for infrastructural projects to governments in Asian countries and beyond.

Total asset size: $32bn (AIIB overall)
Key links
  • AIIB website
  • AIIB project database

Analysis

AIIB came sixth in the sovereign DFI assessment with 47.1 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’s sovereign portfolio came third-last in the Core Information component, with 12.43 out of 30. 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 fifth in the Impact Management component with a score of 14 out of 30. It scored for both project-level indicators but dropped points again for not publishing to IATI. For the organisation level it only scored for the sector/country strategies and evaluations indicators. It was one of only two sovereign DFIs not to score for the impact measurement approach indicator. 

In the ESG and Accountability to Communities component AIIB came fourth out of nine sovereign DFIs with a score of 17.75 out of 30. It scored for all organisation-level indicators, almost getting 100%. It was one of three 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’s sovereign portfolio came fifth in the Financial Information component, with 2.92 out of 15. Along with the financial reports/statements, it scored for currency of investment and co-financing project-level indicators. However, it dropped points for format of publication as data for these were either on the webpage or in a PDF. 

Core Information 12.43 / 30
Impact Management 14 / 30
ESG & Accountability to Communities 17.75 / 30
Financial Information 2.92 / 10

Recommendations

  • AIIB should become an IATI publisher and disclose all investments to the IATI Standard. 
  • AIIB should make its data available in a bulk download format to improve useability and accessibility. 
  • It should publish loan agreements/contracts for its investments. 
  • AIIB should disclose further Core Information indicators including date of activity disclosure and consistently disclose funding source and signature date. 
  • It should disclose sector/country strategies and its approach to determining impact attribution. 
  • AIIB should consistently disclose metrics, definitions and/or methodologies for activity impact indicators. 
  • AIIB should publish all E&S documentation that was produced for its investments. 
  • AIIB should provide assurance of community disclosure for investments when disclosure is required. 
  • For Financial Information it should disclose currency of investment and instrument-specific disclosure (share of equity, interest rate, loan tenor, and length of guarantee). It should also consistently disclose co-financing details. 
Core Information 12.43 / 30
Impact Management 14 / 30
ESG & Accountability to Communities 17.75 / 30
Financial Information 2.92 / 10

Deep Dive

Core InformationImpact ManagementESG & Accountability to CommunitiesFinancial Information

Core Information

12.43 / 30
7 / 9
About component

The basic information that describes a DFI’s organisational policies and investments. This type of information is typically found in key organisation documents and represents the first tier of project information, typically disclosed on project web pages or in files available for bulk download. At the organisation level this includes access to information policies and annual reports. At the project level, this includes project titles, locations, and key dates.

Disclosure / access to information policy

Score: 2.25 out of 3

Accessibility

Score: 1.33 out of 2

Annual reports

Score: 0.75 out of 1

Project identification

Score: 0.75 out of 1.5

Status

Score: 0.75 out of 1.5

Project description

Score: 0.75 out of 1.5

Location

Score: 0.75 out of 1.5

Sovereign / non-sovereign

Score: 0.75 out of 1.5

Sector

Score: 0.56 out of 1.5

Investment instrument

Score: 0.38 out of 1.5

Project costs

Score: 0.5 out of 1.5

Funding source

Score: 0 out of 1.5

Client

Score: 0.75 out of 1.5

Contacts

Score: 1.13 out of 1.5

E&S risk category

Score: 0.75 out of 1.5

Progress dates

Score: 0.28 out of 1.5

Contract (sovereign only)

Score: 0 out of 4.5

Impact Management

14 / 30
5 / 9
About component

The ways in which a DFI predicts, measures, and evaluates the impacts of their investments. At the organisation level, this includes an impact measurement approach. At the project level, this includes activity indicators/metrics and results.

Impact measurement approach

Score: 0 out of 6

Sector / country strategy

Score: 3 out of 4

Evaluations

Score: 2 out of 4

Activity indicators / metrics

Score: 3 out of 8

Results

Score: 6 out of 8

ESG & Accountability to Communities

17.75 / 30
4 / 9
About component

The ways in which a DFI predicts, mitigates, and communicates the ESG aspects of their activities. At the organisation level this includes E&S global disclosure policy and E&S community disclosure policy. At the project level this includes E&S plans and assessments, and assurance of community disclosure.

E&S global disclosure policy

Score: 5 out of 5

E&S community disclosure policy

Score: 3 out of 4

IAM global disclosure documentation

Score: 2 out of 2

IAM community disclosure policy

Score: 2 out of 2

PGM community disclosure policy

Score: 2 out of 2

Summary of E&S risks

Score: 0.75 out of 2

E&S project plans / assessments

Score: 2 out of 4

Assurance of E&S community disclosure

Score: 0 out of 3

IAM global disclosure

Score: 1 out of 1

Assurance of IAM community disclosure

Score: 0 out of 2.5

Assurance of PGM community disclosure

Score: 0 out of 2.5

Financial Information

2.92 / 10
5 / 9
About component

This information provides details on the financial performance of DFIs and the structuring of investments. At the organisation level, this includes audited financial reports. At the project level, this includes currency of investment, mobilisation, and concessionality

Financial reports / statements

Score: 0.75 out of 1

Currency of investment

Score: 0.5 out of 2

Co-financing

Score: 1.67 out of 4

Instrument-specific disclosure

Score: 0 out of 3
DFI

DFI Transparency Index 2023

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