To address the existing infrastructure financing gap, AIIB works closely with key donor partners, initiatives and platforms to develop tailored resource mobilization strategies, technical assistance, and innovative financing products and solutions. We do this to better help our developing Members gain access to much needed concessional resources and technical assistance.
By engaging with peer MDBs, development partners, international institutions and philanthropic foundations, we are able to mobilize external resources at both the financial and technical levels. Strategic partnerships also help to enhance knowledge sharing, capacity building, and maximizing development impact.
AIIB engages with key strategic partners to develop innovative financing products, solutions and programs. These tailored resource mobilization strategies help unlock access to concessional blended resources and technical assistance (TA) finance, supporting us in meeting our committed targets and delivering additional value to our Members in response to their needs.
AIIB’s Corporate Strategy stipulates an emphasis on supporting green infrastructure projects and investments dedicated to climate action, with the aim of reaching 50% of climate finance in actual financing approvals by 2025.
Reflecting AIIB’s focus on climate action, we are a core partner of a number of flagship green initiatives, including:
- A collective movement working to unlock green energy access to secure an inclusive and resilient future for all. GEAPP encompasses an Alliance of over 20 philanthropies, government, finance, technology and implementation partners, providing access to complementary sources of capital, delivery capacity, deep expertise and global reach.
- An IRENA-initiated multi-stakeholder climate finance platform, established to advance the global energy transition. ETAF is backed by USD400 million anchor concessional funding from the United Arab Emirates Abu Dhabi Fund for Development (UAE ADFD) and is dedicated to implementing renewable energy projects to accelerate green transition in emerging economies.
AIIB firmly believes in the importance of promoting high, international standards for global infrastructure financing. As such, we partner with a range of technical agencies and funds to scale up external technical expertise and help our Members build quality project pipelines.
Key partnered agencies, funds and facilities include:
- Association of Southeast Asian Nations (ASEAN) 3-Year Program
- Alliance to End Plastic Waste (AEPW)
- China International Development Cooperation Agency (CIDCA)
- Cities Development Initiative for Asia (CDIA)
- Multilateral Cooperation Center for Development Finance (MCDF)
- United Nations Development Programme (UNDP)
- United Nations Industrial Development Organization (UNIDO)
- The Bill and Melinda Gates Foundation (BMGF)
AIIB recognizes the need for breakthrough financial instruments, to meet critical resource gaps and maximize development impact. We are actively seeking to drive financial innovation and leveraging strategic partnerships to develop new financing tools that complement existing instruments, and further ongoing resource mobilization efforts.
These include:
Innovative Blended Financing Structures
AIIB works with a range of partners to develop new innovative tools. For example, we recently partnered with the Bloomberg Philanthropies, to jointly create an innovative blended finance structure with the objective of accelerating climate change mitigation efforts in Asia. The initiative seeks to leverage the financial strength of MDBs and philanthropic resources to mobilize large-scale private, institutional and sovereign wealth fund capital into energy transition investments in Asia.AIIB+
A designed platform that aims to better align the supply of external concessional and technical resources with AIIB’s project pipeline. The goal is to efficiently AIIB is currently developing a beta version of this partnership tool, which seeks to mobilize and manage these resources concessional resources at scale and accelerate AIIB and partner financing, with a focus on upstream and project-level solutions. In addition, AIIB and the World Bank have proposed a co-financing platform where “investment concepts and proposals are matched with appropriate financing for project preparation, development and implementation across the MDB system (2023 G20 IEG Final Report, pg. 77)
