Asian Infrastructure Investment Bank established the “Energy, Food Security and Economic Resilience Facility”

Asian Infrastructure Investment Bank established the “Energy, Food Security and Economic Resilience Facility”

¨     Asian Infrastructure Investment Bank established the “Energy, Food Security and Economic Resilience Facility” on 20 May 2026.

¨     The facility will provide up to USD 10 billion over two years to member countries and clients affected by the Middle East conflict.

¨     AIIB is a multilateral development bank headquartered in Beijing.

¨     The bank began operations in 2016.

¨     AIIB finances infrastructure and development projects across Asia and other regions.

¨     The new facility will complement AIIB’s existing financing instruments.

Its objectives include

¨     Strengthening energy security

¨     Ensuring food security

¨     Enhancing economic resilience

Under the facility, AIIB will provide

¨     Rapid budget support

¨     Financing for critical imports

¨     Liquidity assistance

Business continuity requirements of infrastructure companies and financial intermediaries.On 18 May 2026, seven multilateral development banks issued a joint statement on coordinated support for countries affected by the Middle East conflict.The statement highlighted disruptions in energy markets, fertiliser markets, and trade routes.Jin Liqun announced the facility for affected member countries and institutions.India is the second-largest shareholder in AIIB after China.