May 04, 2015 by members

NGO Forum Calls on AIIB to Have Robust Safeguard Standards


For Immediate Release
May 1, 2015 

With 57 nations already on board the Asian Infrastructure Investment Bank (AIIB) as prospective founders, a 250-member strong civil society network made an appeal to the newly-formed bank to adopt robust safeguards in its principles, policies and operations.

NGO Forum on ADB, in a formal letter to the AIIB, underscored the need for the bank to formulate and implement the highest standard of safeguards in view of the limits to the planet’s growth and the impacts of huge infrastructure projects on vulnerable Asian communities. In doing so, Forum said the AIIB can become a standard-bearer of safeguard policies across all multilateral development banks (MDBs).

Read the full statement here.