The AIIB follows a six-step process for the approval and completion of projects in Asia. These are as follows: strategic programming, project identification, project preparation, Board approval, project implementation, and project completion and evaluation. All powers of the AIIB are vested in the Board of Governors. Typically, the AIIB’s long term repayment includes a five-year grace period and an interest rate of 1 to 1.5 percent.
By Dr. Bipin Adhikari and Bidushi Adhikari Mar 24, 2019