13 November 2020
Mr. Jin Liqun
Asian Infrastructure Investment Bank (AIIB)
Dear President Liqun;
NGO Forum on ADB, an Asian-led network of over 250 civil society around the World, has been monitoring Asian Infrastructure Investment Bank (AIIB) funded projects since its establishment in 2015. Our latest engagement is with the Bank is with its Environmental and Social Framework (ESF) review, where our network provided critical analysis of the framework highlighting the importance of more robust binding requirements for borrowers to environmental and social responsibility surrounding projects.
The network also recognizes that the AIIB is a post COP21 development bank, therefore having the opportunity to establish a new approach to infrastructure investment that prioritizes renewable energy, climate resilience, and sustainable development.
Also, the AIIB has repeatedly been making pronouncements that it ‘will not finance any projects that are functionally related to coal’. The Bank is also a signatory of the ‘MDBs’ alignment approach to the objectives of the Paris Agreement: working together to catalyze low-emissions and climate-resilient development,’ a document proposing six building blocks that have been identified as the core areas for alignment with the objectives of the Paris Agreement .
However, with the recently concluded Finance in Common Summit, an event that seeks to contribute substantially to the success of the UNSG’s “Decade of Action,” the AIIB did not sign the Joint declaration of all Public Development Banks in the World.
NGO Forum on ADB is alarmed with AIIB’s decision not to commit to this critical and immediate declaration. Are management representatives of AIIB autonomous in dictating energy investments in Asia over their respective donor and borrowing members?
We are witnessing a significant shift in the appetite for fossil fuels, especially coal, across lower and middle-income countries across Asia. The US election results are also ushering a revival of the Paris agreement with China and others in the international system. The network is demanding the AIIB to reconsider and sign this significant declaration.
Mr. Rayyan Hassan
NGO Forum on ADB
Endorsed by the following organizations:
Alyansa Tigil Mina (ATM), Philippines
Asian Peoples' Movement on Debt and Development (APMDD)
Bangladesh Working Group on External Debt (BWGED), Bangladesh
Center for Environment and Participatory Research CEPR, Bangladesh
CLEAN (Coastal Livelihood and Environmental Action Network), Bangladesh
Community Empowerment and Social Justice Network (CEMSOJ), Nepal
E3G Third Generation Environmentalism
Environics Trust, India
Environmental Public Society, Armenia
Equitable Cambodia, Cambodia
Food first Information and Action Network - FIAN Sri Lanka, Sri Lanka
Friends of the Earth Japan, Japan
Indian Social Action Forum, India
Initiative for Right View, Bangladesh
Japan Center for a Sustainable Environment and Society (JACSES), Japan
Land lord bayanzurkh communally association, Mongolia
Mekong Watch, Japan
Nash Vek, Kyrgyzstan
Oyu Tolgoi Watch, Mongolia
ResponsiBank Indonesia, Indonesia
Rivers without Boundaries International Coalition, Eurasia
Rivers. without Boundaries Coalition Mongolia, Mongolia
Sri Lanka Nature Group, Sri Lanka
Youth For Environment Education And Development Foundation (YFEED Foundation),
Youth Group on Protection of Environment, Tajikistan
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