Established in 2015 as one of the financing arms of China’s Belt and Road Initiative, the Beijing-based AIIB aims to boost infrastructure connectivity in Asia and beyond. The newest International Financial Institution pledges to be “lean, clean, and green,” although plunging into controversial mega fossil fuel and hydro projects at the very start. With its operations in the third year, lingering concerns about its minimum oversight and transparency practices remain.
Alternative news on the AIIB
We expose the risks of international public finance and bring critical updates from the ground.
We believe that the billions of public money should work for people and the environment.
AIIB PROJECTS WE MONITOR
This system of mega-pipelines meant to bring gas from Azerbaijan to Europe, is unnecessary for Europe’s declining gas demand. But the billions in public investments will boost Azerbaijan’s dictatorial regime and cause upheaval for transit communities in Turkey, Greece, Albania and Italy.
The Nenskra dam is the largest of Georgia’s massive plans for hydropower installations in the Upper Svaneti region. If realized, it will deprive the local indigenous communities of their ancestral lands and traditional livelihoods, and cause an irreversible damage to the fragile river and mountain ecosystems.
Ahead of Asia Infrastructure Investment Bank meeting in Luxembourg, over 89 000 petition bank to drop Nenskra dam project in GeorgiaPress release | 12 July, 2019
Luxembourg, Prague, Tbilisi – Representatives from the “Stop Nenskra” campaign  showed up in Luxembourg at the Asia Infrastructure Investment Bank (AIIB) annual meeting on July 12th and delivered a petition to the international development banks calling them on not to finance the Nenskra hydropower plant project  in Svaneti, Georgia.
Press release | 10 June, 2019
For immediate release. Prague, Tbilisi – A leaked contract between the Georgian government and the company behind the Nenskra hydropower project includes terms that indicate the project will incur massive losses for the state, according to a report broadcast on 8 June by the national television station Rustavi 2 .
Blog entry | 14 November, 2018
Successive international analyses have cast serious doubts over the financial viability of the planned Nenskra plant. While the Georgian government keeps the project’s contract confidential, a leaked World Bank report offers a scathing account of the fiscal implications of this hydropower development.