AIIB releases draft environmental and social safeguards, opens consultations

One of the most contentious points about the Asian Infrastructure Investment Bank is being addressed with the release of the Beijing-based financial institution’s environmental and social safeguards.

But while the move signifies the bank’s intent to comply with international standards and procedures, civil society observers contend that the provisions in the framework and the manner in which it will be implemented are not as stringent as what should be expected from a $100 billion development finance institution.
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  • At the 48th Baku Annual Governors Meeting, Forum pressed the ADB president and senior management to address issues on its investments related to safeguards delivery, human rights, Post-MDGs agenda and the newly-created AIIB.
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