Role of Multilateral Development Organizations
Connectivity and regional cooperation is one of AIIB’s thematic priorities and the Bank is targeting to contribute 25-30 percent of its portfolio by 2030 toward this sector. While evidence shows that investing in sustainable cross-border infrastructure is essential to boost economy and prosperity, cross-border infrastructure is challenged with unique complexities such as differing regulations, priorities, capacities and asymmetric economic benefits. On top of this, climate change and the ongoing COVID-19 pandemic are testing the resilience of the existing regional cooperation ecosystems.
Multilateral development organizations play an important role in promoting regional development. Connectivity, sharing experiences and lessons learned among development partners creates an excellent opportunity for mutual learning and to explore innovative approaches to ongoing challenges.
This high-level session will bring together officials from development partners and AIIB Members to discuss current initiatives and strategies adopted to enhance investments in cross-border connectivity projects. Through the review of actual projects and case studies, the panel will discuss how enhancing cross-border connectivity supports the achievement of resilient and sustainable socioeconomic development. The panel will also deliberate on the role which development partners, policy makers and private sectors can play to contribute efficiently to cross-border connectivity.
Speakers
H.E. Fatima Yasmin
Secretary, ERD, Ministry of Finance, Bangladesh
Fatima Yasmin, a career civil servant, joined the Economic Relations Division (ERD), Ministry of Finance as Secretary on 23 February 2020. She is the first female Secretary of ERD. Prior to this position, she was Vice-Chairman, Export Promotion Bureau (EPB), Ministry of Commerce, and Director General, Institute of Public Finance (IPF), Ministry of Finance.
Yasmin joined the Bangladesh Civil Service in 1991. She worked for various ministries including the Finance Division and Economic Relations Division of the Ministry of Finance; and Ministries of Agriculture, Women and Children Affairs, and Defense. She also worked for ERD for a substantial period with the World Bank, United Nations, Asian Development Bank, and Islamic Development Bank.
Outside government, she worked for Asian Development Bank, European Union, and the UN’s International Jute Organization.
Yasmin obtained her Masters in Business Administration from Institute of Business Administration (IBA), University of Dhaka. She did Masters in Development Economics from Australian National University (ANU), Australia. She was a Hubert H. Humphrey Public Policy Fellow of the US State Department at the Rutgers University, USA
Dr. Pandian D.J.
Vice President, Investment Operations, AIIB
Pandian oversees all sovereign and nonsovereign lending in South Asia, the Pacific Islands and South East Asia. He is also responsible for the end-to-end management of AIIB’s project pipeline in these regions, from identification to implementation. He also has joint oversight with the VP for Investment Operations (Region 2) over the Social Infrastructure Department, created in October 2020. From 2016 to 2019, Pandian served as AIIB’s Chief Investment Officer. During this time, he successfully delivered investments in 21 members, amounting to more than USD12 billion, and built a strong foundation for the future growth of AIIB. Before joining AIIB in March 2016, he had an extensive career spanning 30 years with the Indian Administrative Service, holding key positions at the state, national and international levels in the energy, infrastructure and finance sectors. He received his PhD in energy security and MBA from the University of Madras, India. Pandian is from India.
Mr. Shixin Chen
Vice President, Asian Development Bank
Mr. Shixin Chen is the Vice-President (Operations 1) of the Asian Development Bank (ADB). He joined ADB on 12 December 2018.
Mr. Chen is responsible for operations in the South Asia Department and the Central and West Asia Department.
Prior to joining ADB, Mr. Chen headed the Department of International Economic and Financial Cooperation at the Ministry of Finance of the People’s Republic of China (PRC).
From 1998, Mr. Chen held senior positions in the Ministry of Finance, overseeing areas of public finance and partnerships with multilateral development banks.
From 2012 to 2014, he was a Board Director in the Credit Guarantee and Investment Facility. Mr. Chen was World Bank’s Executive Director for the PRC from 2013 to 2016 and a Board Director for the PRC in the New Development Bank and the Asian Infrastructure Investment Bank from
2016 to 2018.
Mr. Chen holds a doctorate in Economics from the Graduate School of the Research Institute for Fiscal Science, and a Master’s degree in Public Policy Management of the Mason Program of the John F. Kennedy School of Government in Harvard University.
Mr. Martin Raiser
Country Director, China, Korea and Mongolia, World Bank
Martin Raiser is the World Bank’s Country Director for China and Mongolia, and Director for Korea since March 1, 2019. Mr. Raiser is leading a team that is managing an evolving partnership with China, a growing program of support to Mongolia, and a deepening knowledge partnership with Korea focused on innovation and technology.
Mr. Raiser holds a doctorate degree in Economics (summa cum laude) from the University of Kiel, Germany, and degrees in Economics and Economic History from the London School of Economics and Political Sciences. Mr. Raiser worked for the Kiel Institute of World Economics and the European Bank for Reconstruction and Development, where he was Director of Country Strategy and Editor of the Transition Report. Since joining the World Bank in 2003, Mr. Raiser held positions as the Country Manager in Uzbekistan, Country Director for Ukraine, Belarus and Moldova, Country Director for Turkey, and most recently Country Director for Brazil.
Mr. Raiser, a German national, is married and has four children. He has published numerous articles in refereed economic journals and authored several books
Mr. Zhongjing Wang
CEO, Multilateral Cooperation Center for Development Finance
Mr. Zhongjing Wang is serving as the Chief Executive Officer (CEO) of the Secretariat of the Finance Facility of the Multilateral Cooperation Center for Development Finance (MCDF). Prior to this, Zhongjing held various positions in the Government of China, most recently as the Director-General of the Center for Evaluation of the World Bank Loan Projects in the Ministry of Finance. He served on the Board of several international organizations and financial mechanisms, including the International Fund for Agricultural Development, Adaptation Fund, the New Development Bank, and the Asian Development Bank. He was a council member of the Global Environmental Facility, Global Infrastructure Facility and the Women Entrepreneurship Finance Initiative. He holds an MPA from Harvard Kennedy School, a Certificate of International Tax Program from Harvard Law School and an LL.B from Peking University
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.Infrastructure Project Showcase - The Oman Broadband Project
Broadband services in Oman used to be offered mainly via buried copper or LTE modems which are unreliable and expensive. Through this project, Oman Broadband Company is rolling out a network of fiber optic broadband cable to over 700,000 homes and buildings. Upon completion in 2025, it will cover close to 80 percent of urban areas in the country, changing the lives of many.
AIIB and Oman Broadband launched the project in 2017 and have already boosted Oman’s infrastructure in the information and communication technology sector. The project has improved digital literacy and productivity and increased Oman’s attractiveness as a destination for manufacturing business and strategic logistics services. It is also helping to progressively diversify Oman’s economy from its dependency on hydrocarbons.
This session is an opportunity to see how connectivity infrastructure projects are prepared, implemented and create impact.
Speakers
Ms. Supee Teravaninthorn
DG, Infrastructure Investment Department, AIIB
Teravaninthorn leads the Infrastructure Investment Department (Region 2). She is responsible for building up the institutional capacity in investment operations and ensuring the strength and sustainability of overall investment operations in Pakistan, Afghanistan, Europe, Africa, Latin America and Central, East and West Asia. This work ranges from business development to building a well-balanced and diversified investment portfolio, in terms of both quantity and quality. She also manages the effective utilization of investment operations resources in line with the mission and vision of AIIB. Prior to joining AIIB in June 2016, she served in the management team of the World Bank from 2011 to 2016. Her experience in infrastructure planning and development in East Asia, Southeast Asia and Africa is long and well-established. She holds a PhD in economics from Hitotsubashi University in Tokyo, Japan. Teravaninthorn is from Thailand.
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5g fibre optics/ fixed wire
possibly low orbit satellite to extend rural
Mr. Gregory Liu
fisr digtal infrastructure startup
Manager, Infrastructure Investment Department, AIIB
Gregory Liu currently oversees sovereign and non-sovereign backed financing in East Asia, Central Asia, West Asia, and Non-regional Members of AIIB. He manages a team of professionals to provide debt and equity investment with respect to transport, energy, water and urban sector. Gregory brings 24 years of international infrastructure finance experience from the perspective of financial advisory, debt arranging, capital markets and credit ratings. He led the first AIIB A/B loan project to mobilize capital in support of Oman Broadband’s venture in 2018.
Prior to joining AIIB in 2017, Gregory stayed 10 years in Singapore with Sumitomo Mitsui Banking Corporation (SMBC) and acted as the Regional Head of Export & Agencies Financing, Head of LNG and Head of Greater China in its Investment Banking Department Asia. At SMBC, Gregory advised a variety of sponsors from different continents to raise in excess of USD6 billion of debt for a series of award-winning energy or energy infrastructure projects including Nakilat’s Program Debt for its LNG tanker fleet, Senoko Power’s acquisition re-financing and Australia Pacific LNG Transport Projects.
Before coming back to Asia, Gregory was a Director at Fitch Ratings in London covering regulated utilities after his 10 years services with Dresdner Kleinwort in Frankfurt and London. At Dresdner group, Gregory acted as the originator and structurer of infrastructure finance in the UK and continental Europe market.
Gregory holds a Master of Science degree of information systems from the London School of Economics.
mobile services company connting with oban broadband -
nation wide fibre optics by broadbad
Ms. Sara Al-Abdali
Head of Elite Customer Relations, Awasr
Sara has 16 years of professional work experience in Sales & Business Development, Project Management, and Information Technology in telecom sector for fixed & voice services. The last 11 years were spent in leading business sales, marketing & customer experience with a direct interaction in business sectors. Involved in different government projects for all telecommunication connectivity. Leading the connectivity project of Oman Government Network (OGN) as a service provider between 2009 until 2015. Started at Awasr as a startup company in 2016 driving the business departments initiatives, focusing in leading the business sales for all business sectors public & private and supporting product development function/project. She is currently playing a key role in building up Awasr’s strategy for the next 3 years (2024) in addition to setting up a new program for Elite customers.
Has a master’s degree in business administration from Hull University and Bachelor degree in Information Communication Technology.
Eng. Said Abdullah Mohammed Al-Mandhari
Board Chairman and CEO, Oman ICT Group
Said Al-Mandhari has started his role as a CEO of Oman ICT Group on October 2019 after having more than 19 years of experience in the ICT sector. Prior to working for Oman ICT Group, he was the CEO of Oman Broadband Company for about 6 years, managing more than 180 professionals in the IT & Telecommunication sector. He has worked before that for multiple entities in the public and private sector. He was involved in multiple national projects related to the e-government initiatives. In addition to his current full-time job, Said is currently involved in multiple committees and working groups related to ICT strategies, national capacity building, SMEs, and digital economy. He is also a member of multiple company’s board of directors and Industry Advisory Boards in different universities and colleges.
Said graduated from Kent University with a Computer Engineering degree in 2000, followed by a one-year Executive Management Program from Berkeley University in 2018.
Mr. Rohan Dhamjia
Managing Partner, Analysys Mason
Rohan Dhamija is currently Managing Partner and the Global Head of Corporate Strategy Practice at Analysys Mason, covering Middle East and South Asia. He brings more than 18 years of experience in wireless and wireline communications, fibre networks, digital media, growth strategy and business case development, and commercial due diligence. He has directed 70+ projects on growth strategy topics such as market entry and GTM, M&A, divestment, pricing, new product launch, etc. for operators across Americas, Europe, Middle East, Africa, South Asia, and South East Asia. He also led 100+ projects supporting marquee telecoms and digital media investors invest in telco, fibre, submarine cable, data centre, and digital media assets across the globe. He holds an MBA from Carnegie Melon University, USA and a Bachelor’s degree in Telecommunication Engineering from R.V College of Engineering, India.
srf-dund ? 40bn $ http://www.silkroadfund.com.cn/enweb/ firtst [roject ivestment
varios
***Ms. Grace Yue Zhou
Investment I, Silk Road Fund
Grace Yue Zhou currently oversees direct investment in the energy, telecom, technology and consumer goods sectors at Silk Road Fund. Silk Road Fund is a medium to long-term development and investment fund, mandated with providing equity and debt financing for trade and economic cooperation. As the project manager, Grace led Silk Road Fund’s participation as a B-loan lender in AIIB’s syndication to Oman Broadband Company. Other notable investments that Grace managed include the Dubai Hassyan Power Plant, the Saudi Aramco Oil Pipelines Company, and the launch of China-EU Co-Investment Fund with EIF, etc.
Prior to joining Silk Road Fund in 2015, Grace worked at Dalberg, an international development strategy advisory firm, in Washington DC and Nairobi. At Dalberg, Grace focused on designing financial solutions to alleviate development challenges, particularly in access to energy, public health, ICT and education. In Nairobi, Grace had a stint as the finance director at Arifu, a mobile-based vocational education company and helped it close its seed round fund raising.
Grace started her career at the Investment Management Division of Goldman Sachs in Hong Kong, where she advised private clients on their wealth management strategies.
Grace holds an MBA degree from MIT Sloan School of Management, and a bachelor’s degree in finance and economics from Hong Kong University of Science and Technology.
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Opening Ceremony uae brunei switzerland cbi uae 50th year of uae
• Keynote Speech by State Dignitary of the Host Country
• Remarks by President, AIIB
40 vaccine projects 24 countries
new social infrastrure section of bank
next climate change - will be at 1.5 in about 10 years not end ofcentury
asia exposed catastrophic rsks
3 point plan resilient aliugn pubuic/private in line with paris agreement by 2023 wothother multilatera
low carbon growrt asian
will integrate est in class tech into projects
• Remarks by Vice Chair of the Board of Governors, AIIB (Regional)
• Remarks by Vice Chair of the Board of Governors, AIIB (Non-Regional)
• Welcome Address by Chair of the Board of Governors, AIIB
* Moderator: Secretary of the Board of Governors, AIIB
C development and investment fund, mandated with providing equity and debt financing for trade and economic cooperation. As the project manager, Grace led Silk Road Fund’s participation as a B-loan lender in AIIB’s syndication to Oman Broadband Company. Other notable investments that Grace managed include the Dubai Hassyan Power Plant, the Saudi Aramco Oil Pipelines Company, and the launch of China-EU Co-Investment Fund with EIF, etc.
While the world continues to grapple with the effects of climate change and social inequality, there is increased urgency in both the public and private sectors to ensure that continued development is achieved in a sustainable manner. Given the objectives of MDBs and how multilateral financial institutions differ from the private sector, it has been argued that MDBs should be at the forefront of developing and standardizing environmental, social and governance (ESG) principles.
Against this backdrop, the event will look at market trends and standardization procedures, in particular:
1. The current market trends with regard to ESG principles and “green financing” and how these principles are being translated into legal requirements in financing and investment documentation.
2. Market orientation and role panelists envision for MDBs in catalyzing this process.
3. Impediments to the standardization of ESG disclosures and how these can be addressed.
4. Principles, mechanisms and legal structures which gain the most traction within the private sector.
Join us for a critical analysis of current approaches to incorporating ESG principles and gain thought-provoking insights as to where the market is headed and the role that MDBs can play in supporting standardization mechanisms.
Speakers
Mr. Alberto Ninio
General Counsel, AIIB
Ninio advises the President and governance bodies of AIIB and is responsible for the legal aspects of the Bank's work. Prior to his appointment as General Counsel in January 2021, he was Director General of the Operational Services Department and led AIIB's operational support team in the areas of environment, social, procurement and financial management. Prior to joining AIIB in March 2020, Ninio served in a variety of senior roles both at the World Bank where he left as its Deputy General Counsel for Operations, and, more recently, at Vale S.A., a major multinational mining and logistics corporation based in Brazil, where he served as its Global Sustainability Director. Ninio brings over 30 years of experience in the international development, environmental law and corporate responsibility fields. He has law degrees from the Federal University of Rio de Janeiro and the American University in Washington DC. Ninio is from Brazil.
parter unep with insurance/bank
t article green finannce
Ms. Sheila Aggarwal-Khan
Director, Economy Division, UN Environment Programme
Sheila is the Director of the Economy Division at the United Nations Environment Programme and brings to this position more than 30 years of management and technical expertise from a range of institutions. Sheila was previously the Director of the Green Climate Fund and Global Environment Facility operations at the International Union for the Conservation of Nature (IUCN). Under Sheila’s leadership at IUCN, the programme grew from the two largest global environmental funding mechanisms five-fold, increasingly bringing in actors from the banking, investment and insurance sectors alongside those from sectors such as energy and agriculture.
Sheila has previously served as an Environmental Specialist at a U.S. State Department of Environmental Protection, as well as at the Environment Liaison Centre International and the Institute of Food and Agricultural Sciences. At UNEP, she held positions ranging from Senior Advisor in the organization’s Strategic Implementation Team, Chief of the Quality Assurance Section, to Acting Director of the Policy and Programme Division and Deputy Director of the GEF Coordination Division. She also served as the external advisor in the UNDP working group that reviewed its business model in one of its global fund operations. She has authored The Policy Process in International Environmental Governance and Promoting Coherence: Towards an Effective Global Environment Facility.
Sheila holds a doctorate in Development Studies from the University of East Anglia in the UK with her Master’s and Bachelors’ degrees from Florida Atlantic University, with a part of those studies from the University of Florida, in the USA.
Mr. Charles Di Leva,
Former Chief Counsel, E&S, World Bank
Charles E. Di Leva is an independent advisor and leading authority on international environmental law, and environmental and social standards. He held positions in the World Bank and other international organizations for over thirty years. Requested to come out of retirement, he served from 2018 until June 2021 as the World Bank’s Chief Officer, Environmental and Social Standards, where he oversaw the “Environmental and Social Framework for Investment Project Finance” (2018), of which he was a lead author. He also served as Chief Counsel, Environmental and International Law, (2004-2016) where he led a diverse practice group responsible for environmental and social safeguards; climate change law and climate finance; advising on multilateral environmental agreements and relations with a range of UN agencies; and representing the Bank in compliance investigations, such as those carried out by the Bank’s Independent Inspection Panel. Mr. Di Leva represented the Bank at almost every landmark event for the UN Climate Change Convention, Paris Agreement, and Biodiversity Convention and led the Bank’s accreditation to the Global Environmental Facility and to the Green Climate Fund.
Prior to the World Bank, Mr. Di Leva served in the U.S. Department of Justice as Trial Attorney in the Environment and Natural Resources Division (1984-86, 1990-1992). He also served with the International Union for the Conservation of Nature (IUCN) as the Director of the Environmental Law Program and Center (Bonn, 1999-2001), and in the United Nations Environment Program as a Senior Officer in the Environmental Law Unit (Nairobi. 1989-90). Since 1994 he has been an Adjunct Professor at both the American University Washington College of Law and at George Washington School of Law, where he has taught courses related to trade and environment, the law of international financial institutions and sustainable development, and comparative environmental law.
Charles is a member of the American College of Environmental Lawyers, IUCN World Commission on Environmental Law, the American Society of International Law, and the D.C. Bar Association. He is a graduate of the Vermont Law School and the University of Rhode Island.
Mr. Nicolas Grabar
Partner, Cleary Gottlieb
Nicolas Grabar is a Partner at top international law firm, Cleary Gottlieb Steen & Hamilton LLP. His practice focuses on international capital markets and securities regulation and on the representation of large reporting companies.
Nick is the co-chair Cleary’s Sustainability Practice Group and has been involved in the issuance of Green Bonds for a range of sovereign and corporate clients. He plays a primary role in the firm’s work for public company clients, including leading Mexican and Brazilian businesses, sovereigns, and global investment banks, on their biggest and most complex capital markets and financing matters.
Nick is known for creating durable relationships with his clients—including representing the Mexican government for more than 30 years—and is regarded as one of the premier authorities on SEC disclosure and securities reporting matters.
He has extensive experience in international financings in public and private markets, in U.S. securities law and regulations applicable to foreign issuers, and in the regulation of financial reporting. Nick also has experience in the telecommunications and natural resources sectors, and has advised on acquisitions, joint ventures, privatizations, and debt restructuring.
Nick repeatedly has been recognized for his work on behalf of clients, including by The American Lawyer, Chambers Global, Chambers Latin America, Chambers USA, The Legal 500 Latin America, and IFLR1000, among others. In 2016, Latin Lawyer named Nick its “International Lawyer of the Year,” describing him as “an elite dealmaker with a reputation for assisting on novel financing structures that set precedents for others to follow.”
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