POLICY ON PUBLIC INFORMATION
DIRECTIVE ON PUBLIC INFORMATION
A. OVERRIDING OBJECTIVE
1.1 The overriding objective of this Directive on Public Information (Directive) is to establish procedures designed to ensure that the Policy on Public Information (PPI) of the Asian Infrastructure Investment Bank (Bank) is effectively and efficiently implemented. The implementation and interpretation of this Directive shall seek to give effect to this overriding objective.
B. PROCEDURES FOR PUBLIC DISCLOSURE OF INFORMATION
2.1 The triggers for the disclosure of certain information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format. by the Bank are set forth in the Annex to this Directive, which provides a list of the documents that are proactively disclosed.
2.2 Exercising the delegated authority of the President, the Director General of the Bank’s Communications Department (DG COM) shall be primarily responsible for implementing the proactive disclosure of information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format. by the Bank, with inputs from other Business Units, as defined in the Directive on Business Continuity within their respective areas of responsibility, in accordance with the PPI. All Bank Personnel shall cooperate with the DG COM in this regard. The DG COM shall also prepare and submit to the President, advised by the Executive Committee, a draft of the PPI Quarterly Report described in Section 12 of the PPI. In circumstances of the legitimate interests protected by the PPI being finely balanced, the DG COM shall be assisted by a Working Group including representatives of the President’s Office and Policy and Strategy and Investment Operations Vice Presidencies. The Working Group shall take decisions based upon consensus. If consensus cannot be reached among the members, the matter shall be finally decided by the DG COM.
2.3 Management Committees may, in consultation with the DG COM, recommend to the President to override an exception to the PPI’s disclosure requirements (i.e., Positive Override) and override the proactive disclosure requirements (i.e., Negative Override). Upon such recommendation, the President shall decide whether to approve a proposed Positive Override and shall recommend to the Board of Directors (BOD) whether or not to approve a proposed Negative Override.
C. PROCEDURE FOR REQUEST FOR INFORMATION
3.1 Each initial request to the Bank by an external party for disclosure of information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format. shall be submitted to the Communications Department through the Bank’s website via an electronic request form. Any other request to the Bank does not constitute a valid request for this purpose. The request shall indicate with reasonable specificity the information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format. that is being sought to enable the Bank to locate the information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format.. Requests shall be submitted in English.
3.2 Responses by the Bank, including information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format. the Bank decides to disclose, shall be transmitted to the requestor in the same format as the request unless the requestor stipulates a different format in the request.
3.3 The Bank shall: (a) acknowledge receipt of the initial request not later than five working daysFor purposes of the PPI, a working day is one when AIIB’s headquarters are open for business (does not include weekends and AIIB’s official holidays).For purposes of the PPI, a working day is one when AIIB’s headquarters are open for business (does not include weekends and AIIB’s official holidays). (as defined below) following its receipt of the request; (b) decide whether or not to grant the request not later than 30 working daysFor purposes of the PPI, a working day is one when AIIB’s headquarters are open for business (does not include weekends and AIIB’s official holidays).For purposes of the PPI, a working day is one when AIIB’s headquarters are open for business (does not include weekends and AIIB’s official holidays). following its receipt of the request or, if a delay is expected, provide an explanation within this 30 Working Day period; and (c) if the DG COM decides that the information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format. requested cannot be disclosed under the PPI, the requestor will be provided an explanation for the decision. For purposes of this Directive, a Working Day is a day when the Bank’s headquarters are open for business; it does not include weekend days or the Bank’s official holidays.
3.4 When considering requests for the disclosure of information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format., the Bank shall at all times take into account the Governing Principles and Exceptions to Disclosure Requirements provided under the PPI.
3.5 Information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format. shared with the Bank originating from a third party and classified as “Official Use Only” or “Restricted” or “Strictly Confidential” in accordance with the Directive on the Information Classification System or provided by a third party on the understanding of confidentiality, is not disclosed without the consent of the party providing the information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format.. However, if such information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format. is already in the public domain or if the Bank has previously publicly disclosed such information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format., a request for disclosure shall be granted. If, upon the application of the PPI, the DG COM determines that such information should nevertheless be disclosed by the Bank in accordance with the PPI’s Governing Principles, the DG COM shall consult with the relevant Manager as well as with originator of such information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format.. The DG COM shall seek the agreement of the originator to disclose. If agreement to disclose is not forthcoming, the DG COM may refer this matter to a Working Group in accordance with Section 2.2 of this Directive.
3.6 The Bank shall not be required to comply with blanket requests, or with any request that would require the Bank to create, develop, or collate information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format. or data that does not already exist or is not available in its records management system.
D. APPEAL MECHANISM
4.1 An external party whose initial request to the Bank for information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format. has been denied, shall have access to an appeal mechanism with the Managing Director of the Complaints-resolution, Evaluation and Integrity Unit (MD-CEIU) if the requestor: (a) demonstrates that the initial request for information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format. was submitted in accordance with the required procedures set forth in this Directive; and (b) provides a reasonable argument that: (i) the Bank has violated the PPI by declining to disclose the information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format. requested; or (ii) a legitimate interest served by disclosure of information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format. covered by an exception to disclosure outweighs the harm arising from the disclosure of such information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format..
4.2 All appeals must be submitted in writing to the MD-CEIU within 60 working days after the initial request for information has been denied. Appeals received beyond this 60 Working Day period shall not be considered.
4.3 The MD-CEIU shall recuse themselves in the event of a conflict of interest and be replaced for the purposes of such appeal by an independent public information expert appointed by the President.
4.4 The MD-CEIU (or the independent public information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format. expert, as the case may be) shall: (a) acknowledge receipt of the request for review not later than five working daysFor purposes of the PPI, a working day is one when AIIB’s headquarters are open for business (does not include weekends and AIIB’s official holidays).For purposes of the PPI, a working day is one when AIIB’s headquarters are open for business (does not include weekends and AIIB’s official holidays). following such receipt; and (b) recommend to the President not later than 30 working days after receipt of the request for review whether or not to disclose the requested information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format..
4.5 The President shall issue a final decision to the requestor no later than 15 working daysFor purposes of the PPI, a working day is one when AIIB’s headquarters are open for business (does not include weekends and AIIB’s official holidays).For purposes of the PPI, a working day is one when AIIB’s headquarters are open for business (does not include weekends and AIIB’s official holidays). after receipt of the recommendation from the MD-CEIU (or independent public information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format. expert, as the case may be).
4.6 With respect to initial requests for information For purposes of the PPI, information means all information held by AIIB that can be read and communicated physically and electronically in any form or format. that are denied by the Bank but then allowed by the President in whole or in part, the requestor’s sole remedy shall be receipt of the requested information.
E. AUTHORITY
5.1 The DG COM shall be responsible for the issuance of the Administrative Guidance related to this Directive.
Document
Trigger for Disclosure Obligation
Financial Information
Audited annual financial statements, including special funds and trust
funds
Three
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Governors.
AIIB unaudited condensed quarterly financial statements
Three
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Institutional Information
(1) Basic Documents
Articles of Agreement and Report on the Articles of Agreement
Upon any effective change.
By-Laws
Upon any effective change.
Rules of Procedure of the Board of Governors
Upon any effective change.
Rules of Procedure of the Board of Directors
Upon any effective change.
Code of Conduct for Board Officials
Upon any effective change.
Code of Conduct for Bank Personnel
Upon any effective change.
Headquarters Agreement
Upon any effective change.
(2) Governance
Members of the Bank and the voting power of each
Upon any effective change.
Name and position of members of the Board of Governors
Upon the formal appointment by the relevant Member.
Resolutions of the Board of Governors
Three
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval.
Date, venue and thematic program of the Annual Meeting of Board of Governors
Three
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval.
Summary of Proceedings of the Annual Meeting of Board of Governors
Three
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval.
Composition of Bank constituencies
After formal notification of changes to the Bank by the relevant Member.
Name and nationality of members of the Board of Directors
Upon effective nomination and appointment.
Minutes of Board of Directors meetings
Three
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval of the minutes by the Board of Directors.
Indicative Dates of Future Meetings of the Board of Directors
Three
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Chair of the Board of Directors.
Term of Reference and Membership of the Committees of the Board of Directors
Three
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Organizational chart
Three
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Introduction of all members of senior management
Three
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Names and Biography of the Panelists of the International Advisory Panel
(IAPs)
Three
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after formal notification to the Bank of changes.
(3) Amendments to Current Strategies, Policies, Directives and Other Documents
Accountability Framework
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Oversight Mechanism
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Corporate Strategy
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Business Plan and Budget Summary
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Project-affected People
Policy on the Project-affected People’s Mechanism
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Directive on the Project-affected People’s Mechanism
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Rules of Procedure of the Project-affected People’s Mechanism
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the MD-CEIU.
Learning and Evaluation
Learning and Evaluation Policy
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Directive on the Learning and Evaluation Policy
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Prohibited Practices
Policy on Prohibited Practices
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Directive on Policy on Prohibited Practices
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Environment &Social
Environmental and Social Policy
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Directive on Environmental and Social Policy
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Information Management
Policy on Public Information
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Directive on Public Information
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Quarterly Report on the Policy on Public Information
Five
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after circulation to the Board of Directors.
Directive on Records and Information Management
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on the Information Classification System
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Policy on Personal Data Privacy
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Directive on Personal Data Privacy
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Sector Strategies
Energy Sector Strategy
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Transport Sector Strategy
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Sustainable Cities Strategy
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Water Sector Strategy
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Digital Infrastructure Sector Strategy
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors
Health Strategy
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors
Financing Strategies
Strategy on Mobilizing Private Capital for Infrastructure and its Technical
Note
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Strategy on Financing Operations in Non-Regional Members and its Technical
Note
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Strategy for Investing in Equity
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Financing Policies
Operational Policy on Financing
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
General Conditions for Sovereign-backed Loans
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Pricing Policy for Sovereign-backed Products
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Sovereign-backed Loan and Guarantee Pricing Decision
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Directive on the Operational Policy on Financing
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Operational Policy on International Relations
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Directive on the Operational Policy on International Relations
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Special Fund and Other Funds
Rules and Regulations of the AIIB Project Preparation Special Fund and
any new AIIB Special Fund
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Directives related to the Administration of AIIB Special Funds and other
Funds
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on AIIB's Role as the Administrator of the MCDF Finance Facility
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Procurement - Project Related
Procurement Policy
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Directive on Procurement Instructions for Recipients
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on the Procurement Policy
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Annual Operational Procurement Report
Five
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after circulation to the Board of Directors.
Procurement - Corporate Related
Policy on Corporate Procurement
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Directive on Corporate Procurement
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Corporate Procurement Annual Report
Five
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after circulation to the Board of Directors.
General Terms and Conditions (Goods, Services and Consulting Services)
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Director General, Facilities and Administration.
Risk
Risk Management Framework
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Directive on the Risk Appetite Framework
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on Sovereign Risk Rating
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on Market Risk Management
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on Liquidity Risk Management
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on Counterparty Credit Risk Management
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on Credit and Other Investment Risk Management (Private Investment
Operations)
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on Model Risk Management
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on Operational Risk Management
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on Anti-Money Laundering and Combating the Financing of Terrorism
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on Capital Adequacy and Stress Testing
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on Loss Provisioning Policy
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on Tax Transparency
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Finance
Asset Liability Management Policy
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Directive on Valuation of Financial Instruments
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on Internal Control over Financial Reporting
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Ethics
The Rules of Procedure of the Ethics Committee
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Directive on Ethical Standards of Conduct
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Internal Management
Policy on Compensation and Benefits
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Directive on Designation of Signatory Authority
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on Business Continuity
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on Official Travel
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on Security and Safety
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Staff Regulations
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Staff Rules
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the Board of Directors.
Directive on Asset Management
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on Information Technology Security for Bank Personnel
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Directive on Protection Against Retaliation
10
working days
For purposes of the PPI, a working day is one when AIIB’s headquarters
are open for business (does not include weekends and AIIB’s official holidays).
after approval by the President.
Operational Information
Nonsovereign-backed Financing Project Summary Information (NSBF PSI)
As required by the Directive on the Operational Policy on Financing:
- The initial PSI is disclosed as early as feasible during Project preparation and in any event not later than the earlier of: (i) the working day immediately following the date on which the Financing has passed the Final Review; or (ii) the deadline for disclosure of the ES information for the Project pursuant to the Bank’s Environmental and Social Policy.
- The PSI is updated during Project implementation in case of material changes to the Project that require such updating, and the updated PSI is disclosed prior to the approval of such changes. The PSI may also require updating to reflect other significant changes such as a change in the PTL or material changes to the ES information referred to in the PSI.
- The IC may grant a deferral of disclosure of the PSI in special circumstances because of either:(a) legal or other regulatory requirements such as timing requirements relating to securities offerings, equity investments in publicly listed companies or purchases of shares in a private placement; or (b) the commercially sensitive nature of the transaction involving, for example, an acquisition or a financial restructuring, where premature disclosure would compromise the financial worth or competitiveness of a corporate entity or its assets.
Sovereign-backed Financing Project Summary Information (SBF PSI)
As required by the Directive on the Operational Policy on Financing:
- The initial PSI is disclosed promptly after the Financing has passed Concept Review; provided that if the SC has approved a single Appraisal Review in lieu of a Concept Review and Appraisal Review, the initial PSI is disclosed promptly after the Financing has been approved for inclusion in the investment pipeline.
- An updated PSI is disclosed not later than the earlier of: (i) the working day immediately following the date on which the Financing has passed the Appraisal Review; or (ii) the deadline for disclosure of the ES information for the Project pursuant to the Bank’s Environmental and Social Policy.
- The PSI is updated during Project implementation in case of material changes to the Project that require such updating, and the updated PSI is disclosed prior to the approval of such changes. The PSI may also require updating to reflect other significant changes such as a change in the PTL or material changes to the ES information referred to in the PSI.
- The Investment Committee (IC) may grant a deferral of disclosure of the PSI in special circumstances because of either:(a) legal or other regulatory requirements such as timing requirements relating to securities offerings, equity investments in publicly listed companies or purchases of shares in a private placement; or (b) the commercially sensitive nature of the transaction involving, for example, an acquisition or a financial restructuring, where premature disclosure would compromise the financial worth or competitiveness of a corporate entity or its assets.
Sovereign-backed Financing Project Document (SBF PD)
As required by the Directive on the Operational Policy on Financing, the
SBF PD is disclosed promptly after approval of the Financing.
Sovereign-backed Financing Project Implementation Monitoring Report (SBF
PIMR)
As required by the Directive on the Operational Policy on Financing, SBF
PIMRs are disclosed.
Sovereign-backed Financing Project Completion Note (SBF PCN)
As required by the Directive on the Operational Policy on Financing, SBF
PCN is disclosed.
Client’s draft environmental and social documentation
As required by the Environmental and Social Policy and the Directive on
Environmental and Social Policy, deadlines for disclosure of required draft
environmental and social documentation are:
For Projects other than Results-Based Projects (RBPs):
For RBPs: prior to appraisal of the RBP.
For Financial Intermediary (FI) project, an overview of the FI’s environmental and social policy and of the ESMS, including information on the IAM applicable to the Project and activities is disclosed. In the case of an FI project involving a private equity fund, the name, location and sector of the Client’s portfolio companies supported by the Bank’s financing is disclosed within 12 months following financial closure of the investment.
Any material change or addition to the disclosed ES documentation for the Project is disclosed as soon as such information becomes available, and in any event prior to the approval of such change.
The IC may defer the timing of disclosure of the ES information referred to above (other than the timing of disclosure of the ES information for RBPs) because of: (i) Legal or other regulatory requirements, such as timing requirements relating to securities offerings, equity investments in publicly listed companies; or purchases of shares in a private placement; or (ii) The commercially sensitive nature of the transaction involving, for example, an acquisition or a financial restructuring, where premature disclosure would compromise the financial worth or competitiveness of a corporate entity or its assets.
For Projects other than Results-Based Projects (RBPs):
- For Category A Projects: sixty (60) calendar days prior to consideration of the Bank’s financing for approval.
- For Category B Projects: thirty (30) calendar days prior to consideration of the Bank’s financing for approval.
For RBPs: prior to appraisal of the RBP.
For Financial Intermediary (FI) project, an overview of the FI’s environmental and social policy and of the ESMS, including information on the IAM applicable to the Project and activities is disclosed. In the case of an FI project involving a private equity fund, the name, location and sector of the Client’s portfolio companies supported by the Bank’s financing is disclosed within 12 months following financial closure of the investment.
Any material change or addition to the disclosed ES documentation for the Project is disclosed as soon as such information becomes available, and in any event prior to the approval of such change.
The IC may defer the timing of disclosure of the ES information referred to above (other than the timing of disclosure of the ES information for RBPs) because of: (i) Legal or other regulatory requirements, such as timing requirements relating to securities offerings, equity investments in publicly listed companies; or purchases of shares in a private placement; or (ii) The commercially sensitive nature of the transaction involving, for example, an acquisition or a financial restructuring, where premature disclosure would compromise the financial worth or competitiveness of a corporate entity or its assets.
Project Procurement Information
As required by the Directive on Procurement Policy, AIIB publishes timely
procurement notices on the Bank’s website.
As required by the Operational Directive on Procurement Instructions for Recipients, the Bank publishes, on a regular basis, a description of Bank-financed contracts awarded, the name and nationality of the entity to which the contract was awarded and the contract price.
As required by the Operational Directive on Procurement Instructions for Recipients, the Bank publishes, on a regular basis, a description of Bank-financed contracts awarded, the name and nationality of the entity to which the contract was awarded and the contract price.
Special Funds Information
In line with the Directive on the Administration of AIIB Special Funds,
the Bank posts information related to Special Funds on its official website.
