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.
AIIB PROJECTS WE MONITOR
ARCHIVED: Southern Gas Corridor
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.
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ARCHIVED: Southern Gas Corridor
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.
Read more
LATEST UPDATES
Central Asia: environmental groups and scientists call on international financial institutions to preserve key freshwater bodies and stop supporting destructive hydropower projects
Press release | 14 March, 2025The future of Central Asia’s key rivers and lakes is at risk, warn international environmental groups Rivers without Boundaries, International Rivers, Friends of the Earth US, Urgewald and CEE Bankwatch Network in a formal request sent today to the World Bank, European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Asian Development Bank (ADB), Eurasian Development Bank (EDB), Islamic Development Bank (ISDB) and Asian Infrastructure Investment Bank (AIIB).
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A forward looking energy strategy at the Asian Infrastructure Investment Bank
Blog entry | 21 February, 2022With the Asian Infrastructure Investment Bank (AIIB) set to review its Energy Sector Strategy, a letter coordinated by the NGO Forum on ADB on behalf of more than 40 civil society groups asked for more information about the process and called for meaningful consultations.
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Ahead of Asia Infrastructure Investment Bank meeting in Luxembourg, over 89 000 petition bank to drop Nenskra dam project in Georgia
Press release | 12 July, 2019Luxembourg, Prague, Tbilisi – Representatives from the “Stop Nenskra” campaign [1] 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 [2] in Svaneti, Georgia.
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LATEST PUBLICATION
The aim of this study is to quantify the fugitive emissions produced along the fossil gas supply chain of the Southern Gas Corridor, focusing on extraction and transmission operations.
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