The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved its first two projects in Sri Lanka. A USD200-million loan will improve housing conditions for low-income communities in Colombo by constructing affordable housing and redeveloping land. Another loan for USD80 million will be used to reduce the risk and damage from landslides in Sri Lanka. Both projects will improve living conditions for those most in need in the country.
Investment in the Urban Regeneration Project will support the construction of about 5,500 housing units and other related infrastructure in Colombo. These housing units will be provided to individuals and families currently living in underserved settlements that are impacted by poor sewer and solid waste management systems and dilapidated housing structures.
“Providing affording housing will improve the quality of life for those in need in Colombo,” said AIIB Vice President and Chief Investment Officer D.J. Pandian. “Smarter urban planning will also enable the city to attract more foreign investment and increase its potential as an economic hub for the country.”
The investment to reduce landslide risk will support the design and construction of mitigation or protection measures where landslides have already occurred or are at risk of occurring. The investment will also support the review and strengthening of the policy and regulatory systems for landslide management at the local and national level.
“With global warming contributing to increased risk of both the number and intensity of climatic events in Sri Lanka, landslide mitigation efforts are an important part of ensuring the sustainability of vital infrastructure,” said AIIB Director General Supee Teravaninthorn. “Our involvement in this project will help us to develop capacity in disaster mitigation, so we can support other members in the planning and implementation of climate-resilient and major disaster prevention projects.”
Additional information about the Urban Regeneration Project and the Reduction of Landslide Vulnerability by Mitigation Measures Project can be found here.
About AIIB
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, we began operations in January 2016 and have now grown to 93 approved members worldwide. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.
Beijing, December 24, 2025
AIIB Commits USD300 Million to VakıfBank to Support Türkiye’s Reconstruction and Climate Transition
AIIB commits USD300 million to VakıfBank, supporting Türkiye’s earthquake recovery and climate transition through resilient infrastructure and SME financing.
READ MOREBeijing, December 19, 2025
Update on Review of the PPM Policy
After a nearly two-year-long review of the AIIB’s Project-Affected People’s Mechanism (PPM) Policy the AIIB Board unanimously approved on Dec. 18 a revised PPM Policy. AIIB will now update the PPM Directive and Rules of Procedure accordingly and expects to publish the policy, directive and rules as a package on Jan. 2, 2026.
READ MOREBeijing, December 16, 2025
AIIB Signs Landmark USD200 Million Loan for Public Transport System Redevelopment in the Republic of Benin
The Asian Infrastructure Investment Bank (AIIB) has signed a landmark USD200 million loan agreement to finance major enhancements to the public transport system in the Republic of Benin. Co-financed with the World Bank’s International Development Association (IDA) and supported by additional investments from private partners, the project represents a total investment of USD500 million, marking AIIB’s first operation in Benin and a significant step toward advancing sustainable and inclusive urban mobility in West Africa.
READ MOREBeijing, December 15, 2025
Three Members Appointed to AIIB’s Sanctions Panel
Asian Infrastructure Investment Bank (AIIB) President Jin Liqun has appointed three members to the Bank’s Sanctions Panel. Bernard O’Donnell has been appointed as the Chair of the Sanctions Panel, effective December 1, 2025. He succeeds Enery Quinones, whose term concluded in November 2025. O’Donnell was previously appointed as an external member of AIIB’s Sanctions Panel in June 2025 following a competitive selection process.
READ MORE