CANBERRA — Since the Asian Infrastructure Investment Bank began operations in January 2016, they’ve been off to a slow but steady start, developing projects and procuring the services to support them. A procurement analysis by Devex of early activities reported 102 procurements in the first 16 months with a strong focus on partnerships.
What’s changed since then?
The confidence of AIIB as a development bank has grown. The total number of procurements the bank has managed or been partner to has more than doubled to 228. The World Bank remains a major partner in AIIB investments, and India remains a strong focus for investment — particularly with regards to infrastructure, as the bank’s name suggests.