Published: 15:07, July 8, 2023 | Updated: 15:17, July 8, 2023
AIIB: Probe finds no evidence of undue influence
By Xinhua

This file photo taken on Jan 13, 2021 shows the headquarters building of the Asian Infrastructure Investment Bank (AIIB) in Beijing, capital of China. (PHOTO / XINHUA)

BEIJING - The Asian Infrastructure Investment Bank (AIIB) said it has found no evidence of undue influence on decisions taken by the Board of Directors or Management, according to the findings of its extensive internal review into recent allegations made by its former director-general of communications.

"The Internal Review found no evidence to support or validate the former director-general of communications' allegations," said General Counsel, Alberto Ninio, who led the internal review.

The Internal Review confirms that AIIB's governance structure functions as intended to deliver an apolitical, constructive, balanced and consensus-oriented decision culture, Ninio added.

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The Internal Review also found that while AIIB's culture is still taking shape as a seven-year-old institution, it is moving positively towards a high performing, open, and inclusive culture.

"We are fortunate that AIIB's Board and Management have a strong and trusting working relationship. Transparency with our Board is of paramount importance to us," said Ludger Schuknecht, Vice-President and Corporate Secretary.

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"While we sought to quickly respond to recent events, AIIB's commitment to our mission remains steadfast," said AIIB President Jin Liqun. "Fostering sustainable economic development and improving the lives of billions of people in the members we serve, by investing in infrastructure for tomorrow. This is most important to our staff, our clients and our shareholders," he said.