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Китобҳои роҳнамо ЗАХИРАХО Соатҳои бонкӣ | Ҳисоботи солона | Нашрияҳои махсус | Лоиҳа мухтасар Пул аз Аврупо Механизми масъулиятшиносии БОР Парешонҳои хатарнок

Open Call Background Asian People's Call Venue Session РУЗИ 1 Apr 18, 2017 ADB’s Culpabilities and the Global Context: Key Note 9:30 AM Isabelo delos Reyes Auditorium UP Solair, Diliman Quezon City Apr 18, 2017 Lessons in Engaging in ADB Accountability: Stories from the Ground: Community Stories and Cases of Injustice 10:00 AM Isabelo delos Reyes Auditorium UP Solair, Diliman Quezon City Apr 18, 2017 A conversation on ADB’s Immunity: Legal and Policy Infrastructure, Jurisprudence and Potentials in Lifting ADB’s Privilege of Immunity 10:40 AM Isabelo delos Reyes Auditorium UP Solair, Diliman Quezon City Please reload РУЗИ 2 Apr 19, 2017 The Changing Asian Development Finance Landscape: New Struggles and Challenges 9:30 AM Isabelo delos Reyes Auditorium UP Solair, Diliman Quezon City Apr 19, 2017 ADB’s Immunity in the domestic laws: Sri Lanka, India, Bangladesh, Philippines and Indonesia 10:00 AM Isabelo delos Reyes Auditorium UP Solair, Diliman Quezon City Apr 19, 2017 Thematic Hearing Reporting: Affected Community Call For Justice Statement 11:30 AM Isabelo delos Reyes Auditorium UP Solair, Diliman Quezon City Apr 19, 2017 Asian Peoples Solidarity Call on Challenging ADBs Immunity: Call to Action Statement 1:30 PM Isabelo delos Reyes Auditorium UP Solair, Diliman Quezon City Please reload СЕССИЯХО 19 апрели соли 2017 13-00 — 15.00 Decarbonizing ADB at 50 Years Inequality, Debt and Transfer Of Wealth To The Private Sector Environmental degradation, dams and displacement: The failed promises of ADB Please reload 15-20 ва 16-30 Lack of Transparency, Oppression and Shrinking CSO Space Core Labor Standards Gender Impacts of ADB Projects Please reload

PAKISTAN BANGLADESH INDIA INDONESIA PHILIPPINES БАНГЛАДЕШ БАНГЛАДЕШ Манбаъ: Бангладеш: Барномаи вокуниши фаъоли COVID-19 ва дастгирии хароҷот LATEST NEWS UPDATES 19 November 2021 ADB approves $500million loan to help Indonesia improve human capital 5 April 2021 ADB approves $450 M loan to help Indonesia deliver effective COVID-19 vaccines

БОНКИ ОСИЁИ РУШДИ (БОР) Project Monitoring Energy Campaign Safeguards Public Information Policy Accountability Mechanism Strategy 2030 МОНИТОРИНГИ ЛОИҲА Latest News ADB Project Tracker Media Sign the 1M Petition Civil Society Input and Recommendations on the Stakeholder Engagement Plan Transparent and meaningful consultation guided by international practice is a cornerstone of good governance and informed decision-making. It also embeds a sense of ownership into the development process. International Financial Institutions (IFIs) such as the Inter-American Development Bank (IDB), the World Bank, the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and the Asian Infrastructure Investment Bank (AIIB) have developed frameworks to strengthen their stakeholder engagement in the recent years. Moreover, the World Bank and EBRD have developed standalone policies and requirements for what constitutes a meaningful stakeholder consultation and engagement. It is imperative that the Asian Development Bank (ADB) strengthens its overall approach to ensure stakeholder engagement is inclusive, transparent and robust. Colleagues who had attended the virtual information sharing session on April 12 and 13 of 2021 organized by the SDCC Department of the ADB and the Consultation Team argued that the webinar formatting chosen had felt disempowering and disengaging. This is because the online format did not allow for full transparency on the participant list of the meeting and the relevant questions asked during the various sessions. This inaccessibility to the participant list is of major concern to stakeholder groups such as civil society organizations (CSOs) and human rights defenders who face a significant risk of retaliation under oppressive regimes. We, as representatives of CSOs, trade unions, and communities around the world hold this review process with utmost importance and attentiveness. While the Bank’s Stakeholder Engagement Plan (SEP) presents promising reforms, we are disconcerted that the current approach outlined in the present draft has not reflected international good practice and remains amiss on a number of salient issues. Collectively, we raise these points before the process leads to an SPS with tremendous substantial and procedural problems when the current demand is to reform toward international laws, standards, and norms. In pursuit of the shared objective of reforming the safeguard system, we forward our key recommendations: Include a definition of Meaningful Consultation underpinned by duly established policy and practice. The SEP outlines that it is based on “firm principles of meaningful consultation…”(pg.3). Meaningful Consultation should not be organized in a pro forma manner to ‘check a box or to meet an internal requirement. It should be underpinned by a clear matrix that upholds the utmost importance of the Free, Prior and Informed Consent (FPIC) prerequisite criterion recognised in the United Nations (UN) Declaration on the Rights of Indigenous Peoples, and supported by genuine consideration for stakeholders’ views and concerns. We are requesting that the term ‘Meaningful Consultation’ in the SEP be asserted by a clear definition and matrix which draws on duly established policy and practice. A clear definition of Meaningful Consultation can be found in the Safeguards Policy Statement Glossary and states that it is “A process that (i) begins early in the project preparation stage and is carried out on an ongoing basis throughout the project cycle; (ii) provides timely disclosure of relevant and adequate information that is understandable and readily accessible to affected people; (iii) is undertaken in an atmosphere free of intimidation or coercion; (iv) is gender-inclusive and responsive, and tailored to the needs of disadvantaged and vulnerable groups; and (v) enables the incorporation of all relevant views of affected people and other stakeholders into decision makings, such as project design, mitigation measures, the sharing of development benefits and opportunities, and implementation issues.” This definition should underpin the Safeguards Policy Review and Update (SPRU) and the Stakeholder Engagement Plan (SEP). Outline a clear, unambiguous plan on offline mechanisms for consultation. The current SEP Draft recognizes inaccessibility to online means of communication for many stakeholders and makes an effort to mention offline mechanisms for consultation. This is not supported by a clear plan of how these stakeholders groups will be reached for consultation, nor does the SEP make clear the schedule for the offline consultations, or the countries it would take place. Good practices of meaningful consultation warrant having an inclusive space for multi-stakeholder engagement. This includes ensuring that prior information is given to the stakeholder group (community or CSOs) in a clear, time-bound manner, and in a language that is easily understandable. To modernize the policy and make sure it upholds the highest social and environmental standards, efforts must be made to consult with Project Affected Persons (PAPs) through offline mechanisms. We urge the Bank to take this into consideration and clearly outline the list of countries it aims to hold offline consultation. Due diligence must be given specifically to projects which have gone into compliance review. Avoid reliance on demand-driven consultation. Demand-driven consultation plans will prove to be problematic as various key thematic dialogues may not be held unless civil society groups themselves proactively reach out to the ADB SDCC and the Consultation Team. The first question which arises is whether the ADB SDCC will be able to conduct a comprehensive outreach on the SEP at the national and global level to ensure that thematic and remote groups across various cultures, languages, and political contexts are aware of the ‘demand driven’ stipulations? In the current context of the pandemic, this seems very unlikely. Without a prescribed list of thematic consultations announced for each country and region, the chances of getting specialized groups to organize dialogue with ADB SDCC on their own volition without compromising their exposure to risk and scrutiny will also be a deterrent for them stepping forward. We strongly recommend the removal of the ‘demand driven’ approach as it potentially passes the burden of convening the consultation solely on the stakeholder and not on the ADB SDCC, the department responsible for convening and managing this update process. There is also a need for wider outreach on direct engagements via different communication formats, including traditional media in case of offline events. Heavy reliance on online means of communication such as social media and websites to advertise for consultation risks losing the critical voices of PAPs and communities living in remote areas. We urge the Bank to make active and reasonable efforts to include traditional means of media such as newspapers and national television advertisements in their communication plan. Meaningfully engage with young people in the consultation process. Consultations with children and young people are important about their experiences, and therefore need to be set up in a child-friendly manner that promotes the rights and respect of the child in a sensitive manner. There should be age-appropriate targeting in terms of setup, information, and messaging as well as promoting participation and inclusivity. For best practices see the Save the Children Child Consultation Toolkit . Include the Private Sector Operations Department in its internal consultation process. The ADB has announced, in its Strategy 2030, an expansion of its private sector portfolio to reach one-third of total Bank operations by 2024. Private sector operations are riddled with noncompliance, transparency, and lack of information disclosure. We have witnessed the death of 6 workers in the PSOD-led project, Nam Ngiep 1, in Laos due to failures in labor safeguarding. Similarly, the Tata Mundra Coal Project led by PSOD had critically endangered marine ecosystems and displaced thousands of local fishermen in 2014. It is imperative that ADB SDCC takes a critical look at ensuring consultations between CSOs and PSOD staff and their respective borrowing clients and subcontractors in the course of this SEP and SPRU. The OHCHR Guiding Principles on Business and Human Rights should lie at the heart of this dialogue between the Bank, private sector, and CSOs. Publicize ALL consultation comments and extend the timeline for commenting to 60 days. The SEP mentions that a summary of consultation comments will be disclosed on the SPRU webpage for two weeks. In the absence of a clear matrix on how summaries are prepared, We as CSOs are concerned that this will obscure some of the salient comments and recommendations received during the consultation process. Access to full consultation comments should be made available in addition to the summary of consultation comments to ensure full transparency. We are also requesting that the timeline for commenting is extended to 60 days to make sure that relevant stakeholders groups with minimal comprehension of the English language are able to translate the documents and submit their comments. Extend the timeline for commenting on the draft W-paper and the R-paper and subsequent revisions to a period of two months/ 60 days respectively. Good practices on meaningful consultation stipulate that stakeholders should be given sufficient time to review the information across regions and countries before being asked to express their views. Meaningful inclusion of more urgent safeguards issues supported by coherent analytical studies. We welcome the broadening of the themes to include labor, climate change, and sexual abuse and harassment in the list of analytical studies as a response to the progressing international laws, standards and norms. We urge the Bank to avoid the reliance on the blanket term of ‘vulnerability’ and misuse of terminologies such as ‘crosscutting’ to assess the varying risks affecting different groups such as peoples with disabilities, sexual and gender diverse groups, and children. Due diligence must be given to: Risk of reprisals. The silencing of critical voices through reprisals and retaliations - or the fear thereof - seriously calls into question the possibilities for a consultation to be meaningful: when these critical voices are coming from the ground and would be communicating operational risks, a climate of fear puts operations at risk, too. Similar to the World Bank, the Inter-American Development Bank, and the Asian Infrastructure Investment Bank, the ADB needs to have a clear zero tolerance position against reprisals, either as part of the SEP or as a more general statement that the SEP is bound by. In order to operationalise this zero tolerance position, the SEP needs to go beyond just alluding to it in reference to PAPs. It needs to commit to (1) carrying out contextual risks assessments, for all the different contexts in which consultations will be taking place with people deemed to potentially be at risk, looking particularly at reprisal risks, (2) devising measures to mitigate risks identified and finally it needs to include a (3) reprisal response protocol that seeks to use the leverage the bank has to address any reprisal that may occur. Human rights. Despite the IED evaluation recommendation that “the modernized SPS should also clarify the safeguard components of other key ADB objectives, which have increased in importance since the SPS, such as climate risk mitigation and adaptation, disaster risk management, the needs of disabled people, human rights, and supply chains” as well as the increasing human rights challenges and risks in the region, the SEP makes no mention of addressing anything related to human rights. We recommend a dedicated analytical study as well as consultations on the safeguard components of human rights. In 2011, the UN Human Rights Council endorsed the UN Guiding Principles on Business and Human Rights as a set of guidelines for States and companies to prevent, address and remedy human rights abuses committed in business operations. In 2020, the United Nations Global Compact announced support for mandatory human rights due diligence. The same year, the IGWG developed the second draft of an international legally binding instrument to regulate, in international human rights law, the activities of transnational corporations and other business enterprises. Currently, hundreds of large businesses, associations & investors in the EU have supported mandatory human rights due diligence legislation. It demonstrates an increasing demand to address human rights in development projects, which the ADB can not ignore. Risk Categorization. The current SEP list of thematic issues for analytical studies should include an evaluation on ADBs Risk Categorization decision making and implementation practice. As per the IEDs findings the ADBs current categorization process lacks a comprehensive risk-based approach. This leads to arbitrary risk assignment. Unless Quality at Entry documentation of a project such as EIA,IEE, SIA, IPSA have gone through layers of independent checks, arbitrary risk assessment and consequent categorization will remain a structural flaw. We urge the Bank to review the Effectiveness of the 2009 Safeguard Policy Statement for an understanding of the historic and systemic flaws plaguing Risk categorisation at the project level. A need for clear distinction between financing modalities and special issues. As outlined before, MDBs such as the ADB have cited their increased focus on promoting transparency in development financing. However, decades of CSO monitoring of private sector & FI Operations by CSOs have shown a lack of transparency. The current scope and objectives of the ‘Financing modalities and special issues’ study does not clearly define what aspects of financing modalities are being assessed adequately. Project implementation in fragile and conflict affected situations (FCAS) and small island developing states (SIDS) is an important issue which should be given due consideration and therefore we urge the Bank to make a clear distinction in its engagement and analytical approach. 11. Maintain resolute consistency with Human Rights Principles. Meaningful stakeholder consultation is enshrined in the international human rights architecture and elucidated across various conventions, resolutions, and declarations. ILO Convention 169 (1989) which deals exclusively with Indigenuous Peoples states that “they shall participate in the formulation, implementation and evaluation of plans and programs… which may affect them directly.” These principles were affirmed in the UN Declaration on the Rights of Indigenous People (UNDRIP 2007) which upholds and emphasizes on the Free, Prior, and Informed Consent (FPIC) prerequisite criterion. Similar principles were also outlined for other groups including The 1989 Convention on the Rights of the Child which elucidates that “The child shall have the right to freedom of expression; this right shall include freedom to seek, receive and impart information and ideas of all kinds”. ADB should ensure that the financed projects don’t contribute to human rights abuses violations, assaults on local communities and human rights defenders, and shrinking civil society space. The Bank should incorporate in their SEP a clear strategy on Human Rights to protect communities, Indigenous Peoples, and human rights defenders, and enhance public participation. This strategy should detail how human rights risks and impacts are considered, prevented and mitigated at all stages of the project-cycle, with special attention given to fragile and conflict-affected settings. The strategy should clearly spell out how the Bank will promote and implement a human rights-based approach among its stakeholders, clients and counterparts. In order to achieve that, ADB should employ sound human rights due diligence at project level, undertake Human Rights assessments, quick response mechanisms and numerous already available Human Rights tools. The Bank should consult with relevant stakeholders on best approaches to make the requirements for HR protection part of the client’s obligation under the new Safeguards Policy. 12. Ensure safe and free from retaliation space for the stakeholders to raise their concerns under the consultations process. Comprehensive risk assessment and mitigation plan should be developed for every online and offline event of stakeholder engagement, considering the national and/or group-specific context. The participants, in particular, the affected persons and communities should be properly informed about any potential risks and mitigation measures developed by the ADB to ensure their security.

Нашрияҳои махсус ЗАХИРАХО Соатҳои бонкӣ | Ҳисоботи солона | Лоиҳа мухтасар | Китобҳои роҳнамо Парешонҳои хатарнок Зарар нарасонед Дар торикй Regional Overview of Country Safeguard Systems to Mitigate Trans boundary Infrastructure Mega Project Impacts : Mongolia Regional Overview of Country Safeguard Systems to Mitigate Trans boundary Infrastructure Mega Project Impacts : Indonesia Regional Overview of Country Safeguard Systems to Mitigate Trans boundary Infrastructure Mega Project Impacts : Myanmar Regional Overview of Country Safeguard Systems to Mitigate Trans boundary Infrastructure Mega Project Impacts : South Asia and Sri Lanka Assessment of the ADB’s Energy Policy: Undermining International Climate Commitments ◄ 1 / 1 ► Please reload 2nd AIIB ESS Critique AIIB Energy Strategy Critique RISK AND RESILIENCE: Mainstreaming Climate Change Into the Environmental Impact Assessment Process The ADB in Burma: Behind the Scenes Roads to Destruction ADB’s Contradictory Roads, Biodiversity and Plantations Activities in Lao PDR or How Did You Know We Wanted Ecocide? ◄ 1 / 1 ► Please reload

CASES COMMUNICATION WITH AIIB EVENTS SUGGESTED READINGS FAQ CASES RECENTLY APPROVED Bangladesh Bhola IPP Bhola is the only island district of Bangladesh under Barishal in Bangladesh. Mumbai-based Shapoorji Pallonji Infrastructure Capital Company Private Limited (SP Infra), a subsidiary of Shapoorji Pallonji Group constructed a 220/225 MW Gas and Diesel based power plant through its new company Nutan Bidyut Bangladesh Limited (NBBL) at Kutba village under Burhanuddin Upazila in Bhola. NBBL has received USD 60.00 million from Asian Infrastructure Investment Bank (AIIB) and another USD 60.00 million from the Islamic Development Bank (IsDB). Bangladesh Working Group on External Debt (BWGED) and CLEAN (Coastal Livelihood and Environmental Action Network) in collaboration with NGO Forum on ADB conducted studies on the socio-environmental impacts of the power plant along with potential violation of national and international standards. In April 2022, CLEAN and NGO Forum on ADB filed 6 complaints regarding the destructive impacts of the Bangladesh Bhola IPP. Key concerns include the following – 1. Lack of Information Disclosure and Meaningful Consultation An overall lack of timely information disclosure by both AIIB and NBBL on project information Poor and misleading translation of key documents, especially the Environmental and Social Impact Assessment (ESIA), E&S Summary, Environmental Management Plan (EMP), and Grievance Redress Mechanism (GRM) have been classified by CLEAN. The translated documents are in some instances incomprehensible and do not make sense. Lender has not provided any documentation or output from the consultation reports and has misrepresented accounts of consultations that could not be validated. 2. Coercion, Fraud, and Intimidation on Land Acquisition Coercion and intimidation faced by local communities especially Hindu from ‘middlemen’ appointed by NBBL to forcibly acquire land at the lowest rates. Hindu communities fearing retaliation in case they are identified as stakeholders raising concern. No records of sale or transaction on first phase land acquisition by NBBL Land acquisition practice was in violation of the “Bangladesh Acquisition and Requisition of Immovable Property Ordinance, 1982 and the amended ordinance of 2017”, which stipulates land owners be entitled to thrice the market price from private companies (in this case NBBL) Ineffective and non-functional local grievance redress mechanisms GRM. 3. Environmental Impact and Livelihood Loss Construction and Sand waste deposited by NBBL has led to Mandartoli Shakha Khal/River Channel river bed over siltation. Further, the NBBL embanked its northern part with sand sacks and has taken over half of the canal. The sand from the sacks has spilled out into the canal bed causing siltation and the canal to gradually dry up. Now the canal is only 1-2 feet deep and has lost its water-carrying capacity. Destruction of Betel Leaf farms: Due to Mandartoli Shakha Khal clogging, monsoon water overflows during high tide and directly floods the Dakshin Kutba village. Estimated 400 Betel leaf farms have been destroyed; displacing over 2000 families dependent on agriculture. Over 100 households are approximated to be directly waterlogged and left completely disconnected from public services, communication, health care, and other necessary services. Project site has taken over half of all grazing land in the area, leading to a direct impact on goat herders who are mainly women. Labor Colony has discharged large amounts of effluent, sewage, and waste to surrounding villages, leading to uninhabitable living conditions. Surkhandarya 1,560MW CCGT Power Plant [PROPOSED] The AIIB is proposing to provide a loan of 225million EUR to support the design, construction, and operation of a new 1560MW Combined Cycle Gas Turbine Power Plant in the Surkhandarya region of Uzbekistan. According to the Bank's own ranking, the project is identified as a safeguards Category A project (highest risk). The project consortium is made up of the Dutch conglomerate, Stone City Energy, France's EDF, Germany's Siemens Energy, and Qatar's Nebras Power. Dubious GHG Accounting Although CO2 emissions have been estimated in AIIB project documents, there is no reference for how the calculations were derived and what scopes of emission are being considered. No estimated calculations of other emissions, including most critically, methane, are evident. Climate and Biodiversity Concerns The project site will occupy 70 hectares of land beside the Uchkizil irrigation reservoir, which it will use for water intake and for discharging treated wastewater. The reservoir is also relied on for irrigating agricultural fields in the area. No specific measures are listed for avoiding and responding to incidences of contamination from the effluent discharges or accidental leaks on-site during project construction or operation. Community Concerns Undisclosed Details on community consultations, specifically on how those living and working around the reservoir have been informed, what project concerns they raised, and how/if these issues are being addressed remain absent from AIIB's documentation. Although plans for future consultations are mentioned, it's not clear how these discussions will be carried out and what - if any - precautions would be taken to avoid risks of reprisals to local people raising questions. Mis-Aligned with the Imperatives of Climate Science Although the AIIB suggests the design of the project is "climate resilient" there is no published information to explain what this means. The reality is that in fact the project, which is expected to only become operational in 2026, would undermine the AIIB’s own stated pursuit of Paris alignment and joint MDB climate commitments. The climate science is clear: ramping up construction for new fossil gas infrastructure is unequivocally incompatible with the action required to meet the Paris Agreement goals of limiting global heating to 1.5C (IPCC Assessment Report 6; “Net Zero by 2050 Roadmap”) As outlined by the IEA, to have a chance to keep global heating below catastrophic levels, large scale gas‐fired generation to peak globally by 2030, and the electricity sector would need to be completely decarbonized by 2040 worldwide. Project Location: Surkhandarya region, Uzbekistan Watch Video

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PROJECTS BEING MONITORED COMMUNICATION WITH AIIB EVENTS SUGGESTED READINGS FAQ CASES RECENTLY APPROVED Bangladesh Bhola IPP Bhola is the only island district of Bangladesh under the administrative division of Barisal in Bangladesh. Mumbai-based Shapoorji Pallonji Infrastructure Capital Company Private Limited (SP Infra), a subsidiary of SP Group is constructing a 220/225 MW Gas and Diesel based power plant through its new company Nutan Bidyut Bangladesh Limited (NBBBL) in Kutba area under Burhanuddin Upazila in Bhola. NBBL has received USD 60.00 million from Asian Infrastructure Investment Bank (AIIB) and signed another agreement for USD 60.00 million from the Islamic Development Bank (IsDB). Bangladesh Working Group on External Debt (BWGED) and CLEAN (Coastal Livelihood and Environmental Action Network) in collaboration with NGO Forum on ADB conducted a study on social and environmental impacts of the power plant along with potential violation of national and international standards.​ Watch Video Beijing Air Quality Improvement and Coal Replacement The objective of the project is to improve air quality and reduce air pollution, such as CO2 emissions, particulate matter, SO2 emissions, and NOx emissions, by replacing coal with natural gas in rural villages on the outskirts of Beijing. Upon completion, the Project will provide gas service connections to approximately 216,751 rural households, and reduce coal consumption by around 650,000 tons annually in Beijing.

БОНКИ ОСИЁИ РУШДИ (БОР) Project Monitoring Communications News What is AIIB? “The Asian Infrastructure Investment Bank is a multilateral development bank (MDB) conceived for the 21st century. Through a participatory process, its founding members are developing its core philosophy, principles, policies, value system, and operating platform. The Bank’s foundation is built on the lessons of experience of existing MDBs and the private sector. Its modus operandi will be lean, clean and green: with a small efficient management team and highly skilled staff; clean, an ethical organization with zero tolerance for corruption; and green, an institution built on respect for the environment. The AIIB will put in place strong policies on governance, accountability, financial, procurement, and environmental and social frameworks. ​ AIIB Structure According to Finance Minister Lou, the governance structure of the Bank will consist of 3 levels: Board of Governors, Board of Directors and the Management, adding that all powers of the AIIB will be vested in the Board of Governors which may delegate to the Board of Directors and the Management its powers as stipulated in the Articles of Agreement (AoA) [http://usa.chinadaily.com.cn/business/2014-10/24/content_18799068.htm, 24 October 2014 .]. ​ In the Forum’s recent lobby meetings with the ADB Board of Directors and as stated in AIIB’s description of the bank of keeping its operations ‘lean’, AIIB will have a board of directors that will not reside in Beijing as opposed to the practice in other MDBs. The likelihood of such a scenario poses the question of how will the board of directors carry out fully its duties, particularly in reviewing and approving projects and other operations–related functions. ​ AIIB MOU: Key Points The Memorandum of Understanding (MOU) on Establishing the Asian Infrastructure Investment Bank specifies that the authorized capital of AIIB is $100 billion and the initial subscribed capital is expected to be around $50 billion, according to Chinese Finance Minister Lou Jiwei. ​ Lou said Prospective Founding Members have agreed that GDP will be the basic parameter in determining share allocation among member countries. Therefore, China will be the largest shareholder. ​ Previously, China announced that it is willing to subscribe to up to 50 percent of the capital. This is an indication that China would like to provide strong support to AIIB, Lou said. ​ However, China will not seek to be “the single majority shareholder” and will not necessarily subscribe 50 percent of the capital. He said. “Moreover, China’ s share ratio will be gradually diluted with more members joining AIIB in the future.” ​ AIIB: What We Know So Far and Emerging Concerns from Civil Society The founding of the Asian Infrastructure Investment Bank (AIIB) is partly a result of the United States’ unwillingness to reform the Bretton Woods institutions. Since 2010, the US Senate has refused to ratify an agreement on governance reforms that would have doubled resources available to the International Monetary Fund (IMF) by increasing capital contributions from emerging market countries. This would proportionately expand their voting power on the IMF Executive Board – where current quotas treat France as though it were more economically dominant than China, and Belgium more dominant than Brazil.

Project Monitoring Communications Events Suggested Readings FAQ МОНИТОРИНГИ ЛОИҲА Bangladesh Bhola IPP Bhola is the only island district of Bangladesh under the administrative division of Barisal in Bangladesh. Mumbai-based Shapoorji Pallonji Infrastructure Capital Company Private Limited (SP Infra), a subsidiary of SP Group is constructing a 220/225 MW Gas and Diesel based power plant through its new company Nutan Bidyut Bangladesh Limited (NBBBL) in Kutba area under Burhanuddin Upazila in Bhola. NBBL has received USD 60.00 million from Asian Infrastructure Investment Bank (AIIB) and signed another agreement for USD 60.00 million from the Islamic Development Bank (IsDB). Bangladesh Working Group on External Debt (BWGED) and CLEAN (Coastal Livelihood and Environmental Action Network) in collaboration with NGO Forum on ADB conducted a study on social and environmental impacts of the power plant along with potential violation of national and international standards.​ Watch Video Beijing Air Quality Improvement and Coal Replacement The objective of the project is to improve air quality and reduce air pollution, such as CO2 emissions, particulate matters, SO2 emissions, and NOx emissions, through replacing coal with natural gas in rural villages on the outskirts of Beijing. Upon completion, the Project will provide gas service connections to approximately 216,751 rural households, and reduce coal consumption by around 650,000 tons annually in Beijing.

БОНКИ ОСИЁИ РУШДИ (БОР) Project Monitoring Communications News МОНИТОРИНГИ ЛОИҲА 19 July 2022 AIIB asked to go green, turn back on fossil fuels ​ 28 June 2022 Re: Virtual Consultations Hosted by AIIB on the Energy Sector Strategy Update ​ 22 June 2022 Re: AIIB’s Virtual Consultation Sessions on the Energy Sector Strategy Update ​ 13 June 2022 AIIB’s Extended Deadline for Public Input on the Energy Sector Strategy Update ​ 19 May 2022 Collective Statement For the Energy Sector Strategy Update ​ 2 May 2022 Re: AIIB’s Call for Public Input on the Energy Sector Strategy Update ​ 23 February 2022 AIIB response to NGO Forum on ADB network’s letter regarding Energy Strategy update ​ 15 February 2022 Collective Call for a New Forward-Looking AIIB Energy Sector Strategy ​ 28 January 2022 Follow Up Correspondence Concerning the 2022 Energy Sector Strategy Update ​ 24 January 2022 AIIB Withdraw Proposed Financing for 1.4GW Gas Project and Pipeline in Thailand ​ 28 October 2021 Joint Submission by NGO Forum on ADB & Urgewald on the AIIB Environmental and Social Framework ​ 23 September 2021 Key issues regarding the AIIB Annual Meeting 2021 Letter