Inaugural $5bn multicurrency Euro Commercial Paper programme to boost Infrastructure for Tomorrow and green infrastructure funding.
The Asian Infrastructure Investment Bank (AIIB) is launching its inaugural $5bn multicurrency Euro Commercial Paper (AIIB ECP) programme to boost funding options and meet investor demand for sustainable investments.
As a multilateral development bank established in the 21st century, AIIB has committed to financing Infrastructure for Tomorrow to foster sustainable economic development, create wealth and improve infrastructure connectivity in Asia. The addition of this programme brings a new funding channel to support AIIB’s green infrastructure projects. This is a vital step to supporting its member countries meet their Paris Agreement commitments as well as targets under the UN sustainable development goals.
AIIB treasurer Domenico Nardelli explained: “We are excited to give our global investment community partners access to another high-quality, short-term debt instrument that will also help AIIB build on its strong development agenda. The programme will address investors’ demand and help AIIB optimise its liquidity management.”
The move follows a major financing effort by multilateral development banks at the start of 2023, with the Asian Development Bank, European Investment Bank and the Inter-American Development Bank raising $12bn in January.
