Articles of Agreement of the Asian Infrastructure Investment Bank

The Articles of Agreement of the Asian Infrastructure Investment Bank (AIIB) serve as the governing document of the bank. They outline the objectives, structure, operations, and governance of the AIIB.

The AIIB was established in 2016 with the aim of financing infrastructure development in Asia and promoting economic integration and growth in the region. The Articles of Agreement set forth the Bank`s objectives, which include promoting sustainable economic development, poverty reduction, and regional cooperation.

The Articles of Agreement also establish the structure of the bank. The AIIB is governed by its Board of Governors and its Board of Directors. The Board of Governors is the highest decision-making body of the AIIB and includes representatives from each member country. The Board of Directors is responsible for the day-to-day management of the bank and is composed of 12 directors, including a President and five Vice Presidents.

The Articles of Agreement also address the operations of the AIIB. The bank is authorized to engage in a wide range of financial operations, including lending, investment, and advisory services. The AIIB is also authorized to issue bonds and other debt securities to finance its operations.

The governance of the AIIB is another key area covered by the Articles of Agreement. The bank is committed to transparency, accountability, and good governance. The Articles of Agreement establish clear processes for decision-making and oversight, and require the bank to comply with international best practices and standards.

Overall, the Articles of Agreement of the Asian Infrastructure Investment Bank provide a robust framework for the bank`s operations and governance. The bank`s commitment to sustainable economic development, poverty reduction, and regional cooperation make it a valuable partner for countries in Asia and beyond. As the AIIB continues to grow and expand its operations, its Articles of Agreement will remain a critical document guiding its activities.