The Asian Infrastructure Investment Bank (AIIB) is assessing its first funding for projects outside Asia, the Pacific and the Middle East.
At stake, the possibility of financing 11 projects in the field of solar energy in Egypt, under the "Egypt Round II Solar PV Feed-in Tariffs Program".
The Asian Infrastructure Investment Bank (AIIB), which has been in operation since the 25th of December of 2015, aims to promote economic development and regional integration of Asia, the Pacific and the Middle East, aiming to position itself as the main multilateral bank of pan-Asian development in the next decade, contributing to satisfy part of the project finance needs in infrastructure.
Under its mandate, AIIB can also finance infrastructure projects in other regions, provided they are associated and have an impact in Asia, the Pacific and the Middle East. In this extent, only projects in non-regional member countries will be eligible, that is, in countries of other regions that have since joined the AIIB.
(You can see the list of members and potential members of the Bank by clicking here)
New countries are expected to join AIIB, opening up new financing opportunities for domestic companies.
Note: The Multilateral Working Group (AICEP / GPEARI of the Ministry of Finance) is available for further clarification on the multilateral market, please contact email@example.com