The Asian Infrastructure Investment Bank (AIIB) has become a technical partner of the Global Infrastructure Facility (GIF).
A G20 initiative, the GIF is a global collaboration platform that integrates efforts to boost private investment in sustainable, quality infrastructure projects in developing countries and emerging markets.
Together AIIB and GIF will leverage their resources to more effectively mobilize private capital to develop and finance sustainable infrastructure projects for resilient and inclusive economic growth. This is AIIB’s first accreditation with a global partnership facility.
AIIB said it will have access to GIF funds, knowledge and expertise to support its clients in preparing bankable infrastructure projects and attracting much-needed private capital into the infrastructure sector.
“The development and financing needs for complex infrastructure projects far exceed the capacity of the public sector,” said Joachim von Amsberg, vi