AIIB Granted Permanent Observer Status by the United Nations
The United Nations (UN) has adopted a resolution granting the Asian Infrastructure Investment Bank (AIIB) permanent observer status.
The resolution was passed by UN member states at the Dec. 20, 2018 UN plenary meeting in recognition of AIIB’s close relevance and contribution to the UN’s development mandate. Upon the adoption of the resolution, AIIB will hold a standing invitation to participate in an observer capacity in the deliberations of both the General Assembly and the Economic and Social Council, the two most development-focused principal organs of the UN.
AIIB’s Articles of Agreement requires the Bank to work in close cooperation with other development-related international organizations. The General Assembly’s granting of permanent observer status to AIIB will put the Bank on par in the UN system with other development organizations such as the Organisation for Economic Co-operation and Development, the African Development Bank, the Inter-American Development Bank and the Asian Development Bank.
Press-release at the AIIB official web-site