Beijing, China, April 03, 2020

AIIB Looks to Launch USD5 Billion COVID-19 Crisis Recovery Facility

The Asian Infrastructure Investment Bank (AIIB) is proposing to its Board of Directors to create a crisis recovery facility in response to urgent economic, financial and public health pressures and to support a quick recovery after the current crisis. A new Crisis Recovery Facility will offer an initial USD5 billion of financing to both public and private sector entities facing serious adverse impacts as a result of the pandemic. It is part of the coordinated international response to counter COVID 19 crisis, as per the Extraordinary G20 Leaders’ Summit.

The facility is designed to be flexible and adaptive to emerging demands. It will offer dedicated financing for the next 18 months for qualifying projects within its membership. The size of the facility could be increased depending on client demand. AIIB is also exploring how it can use its Project Preparation Special Fund to help its members, especially low-income members, whose economies are being particularly impacted by COVID-19.

AIIB President and Chair of the Board, Jin Liqun, said: “A well-managed and robust development institution must be nimble enough to deal with external shocks and responsive enough to adapt to the changing needs of its clients while also adhering to our mission of promoting economic and social development in Asia.”

He continued, “The international community needs to come together to pool our resources to help the world navigate the current pandemic and economic upheaval. AIIB is committed to playing its full part.”

The facility could support emergency public health needs, such as health infrastructure for emergency preparedness and clients whose infrastructure investments are severely impacted by the pandemic. It could also provide the financing needed to preserve the productive capacity of other productive sectors, including manufacturing, that have been hit by COVID-19.

Continues President Jin, “AIIB will do its part to rapidly respond to the financing needs of its members and clients in close partnership with other international development institutions. I believe this new facility will help our clients to overcome immediate financial pressures and maintain critical long-term investments that otherwise may not be possible.”

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 102 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.

Logos for Download

AIIB logo is available in JPEG and PDF format.

DOWNLOAD

Media Contact

Lingxiao He

Press Officer

+86 10 8358 0683

SEND AN EMAIL
More News Articles

Beijing, March 24, 2025

Registration Now Open for the 2025 AIIB Annual Meeting

The Asian Infrastructure Investment Bank (AIIB) is pleased to announce that registration is now open for the Tenth Annual Meeting of the Board of Governors on June 24-26, 2025, in Beijing, China—home to AIIB’s Headquarters.

READ MORE

Vienna, March 13, 2025

AIIB, IFC Join Forces to Support Green Energy Transformation in Central and Eastern Europe

Kommunalkredit Austria AG (Kommunalkredit), a recognized leader in infrastructure financing, is issuing a €200 million bond with the International Finance Corporation (IFC)–a member of the World Bank Group–and the Asian Infrastructure Investment Bank (AIIB) each investing up to €100 million. This collaboration will help accelerate the green energy transition in Central and Eastern Europe (CEE) and Türkiye, with a focus on renewable energy projects, particularly wind power, as part of the region’s broader commitment to decarbonization.

READ MORE

Cape Town, February 28, 2025

AIIB Report Urges Infrastructure Development to Prioritize Health, Climate and Nature to Save Lives and Protect Planet

Amid accelerating climate change and an increasingly challenged global health system, AIIB's new report redefines how we think of, invest in, and build systems to safeguard human health. Without novel approaches, human-induced changes to climate nature and biodiversity threaten to undermine decades of progress in global health.

READ MORE

Cape Town, February 28, 2025

UN Women and AIIB Launch Groundbreaking Report on Financing Care Infrastructure

UN Women and AIIB have jointly released a new report, Financing Care Infrastructure: An Opportunity for Public Development Banks to Pave the Way for Tomorrow's Equality. It underscores the urgent need for public development banks (PDBs) to invest in care infrastructure as a key driver of gender equality and prosperous societies.

READ MORE