AIIB contributes US$150 million for the IFC's Emerging Asia Fund

The Asian Infrastructure Investment Bank (AIIB) has invested US$150 million in the IFC’s Emerging Asia Fund and co-financing a project with the Asian Development Bank (ADB) to improve energy connectivity in India by strengthening its power transmission system.

Aligned with its commitment to promote cooperation and partnership with other multilateral development institutions, AIIB will become one of the major investors in the IFC Emerging Asia Fund. This fund will have positive economic impacts on emerging markets by promoting job creation through the availability of capital and expertise.

The fund, managed by the IFC Asset Management Company, will among other things, help promote the private equity asset class in emerging markets, such as Bangladesh, Cambodia, China, India, Indonesia, Myanmar, Philippines, Sri Lanka and Vietnam. 

D.J. Pandian, Vice President and Chief Investment Officer, AIIB, said:

"To mobilize sufficient funds to address the huge infrastructure needs across Asia, multilateral development institutions must collaborate with each other and a range of other partners. We will continue to welcome opportunities to combine our investments and talent with other international financial institutions to drive positive economic outcomes for people in the region."