The Asian Infrastructure Investment Bank (AIIB) is a new multilateral financial institution founded to bring countries together to address the daunting infrastructure needs across Asia. By furthering interconnectivity and economic development in the region through advancements in infrastructure and other productive sectors, we can help stimulate growth and improve access to basic services.
AIIB opened its doors January 16, 2016, following a 15 month participatory process during which our founding members worked collaboratively to shape our core philosophy, principles, policies, value system and operating platform. Our foundation is built on the lessons of experience of successful private sector companies and existing MDBs. Our core principles are openness, transparency, independence and accountability and our mode of operating is "Lean, Clean and Green".
We are committed to transparency accountability, and the Public Information Interim Policy governs the Bank's disclosure of information. This Policy sets out the guiding principles on disclosure and confidentiality of information, information to be made public and types of information to be treated as confidential. It also includes provisions for implementation. We are developing platforms and systems to ensure its effective implementation.