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