Peoples’ Convention on Infrastructure Financing A response to AIIB Annual Meeting June 21-23, Mumbai, India Introduction: Peoples Convention on Infrastructure Financing – A response to AIIB (Asian Infrastructure Investment Bank) Annual Meeting is the coming together of various groups working towards just and equitable society threatened by the massive infrastructure push resulting in displacement and dispossession …
Continue reading Peoples Convention on Infrastructure Financing: Concept Note
INVITATION The Third Annual Governors Meeting of Asian Infrastructure Investment Bank [AIIB] will be held in Mumbai, India from 24-25 June 2018. This two-year-old multilateral bank is investing in all major sectors, including energy, without robust policies on environmental-social safeguards, transparent public disclosure and an accountability/complaint handling mechanism. Out of the total 24 projects, it …
By Joe Athialy Ever since the first lending from World Bank in 1949 worth $34 million to Indian Railways and the bilateral credit India received from the erstwhile USSR and USA in the early 50s, India has been a recipient of significant funds from different multilateral and bilateral sources. While each of these lendings came …
Continue reading Huge Overlap in Investments by MDBs, ExIM Banks, and Bilaterals on Critical Sectors
By Tani Alex Representatives from civil society organizations from all over the world have written a letter this week to the AIIB, drawing urgent attention to rising concerns of AIIB’s investments through Financial Intermediaries (FIs). This is in context of AIIB developing its strategy to invest more in equity and funds, without formulating robust policies and …
Continue reading CSOs Call for Accountability and Disclosure from AIIB on its FI Investments
By Maju Varghese The Constitution of India has accorded the Parliament the supremacy among the three organs of the Union government viz legislature, executive, and judiciary. Parliament not only makes the laws but also enables the citizens to participate in controlling the government. The Parliament applies various oversight mechanisms to ensure transparency and accountability in …
By Anuradha Munshi Asia Infrastructure Investment Bank (AIIB) recently concluded its Second Annual Board of Governors’ meeting in Jeju, South Korea. The three-day-long meeting, during June 16-18, 2017, saw the participation of Board of Governors, representatives from the finance ministry of various countries, banking industry, corporates, and civil society organisations. The three days also provided …
Working Group on IFIs 