Multicountry: Global Infrastructure Partners Emerging Markets Fund I ...

PRINT Multicountry: Global Infrastructure Partners Emerging Markets Fund I (“GIP EM” or the “Fund”)

SUMMARY

STATUS Approved MEMBER Multicountry SECTOR Multi-sector E&S CATEGORY FI PROJECT NUMBER 000355

FINANCING

APPROVED FUNDING USD150 million FINANCING TYPE Nonsovereign

TIMELINE

CONCEPT REVIEW May 2020 APPRAISAL REVIEW/FINAL REVIEW May 2021 FINANCING APPROVAL June 10, 2021

OBJECTIVE

To mobilize private capital from institutional investors to grow and sustain infrastructure investment in Asia and Latin America.

DESCRIPTION

GIP EM is a closed-end fund with a target size of USD5 billion. The Fund aims to take advantage of the large number of investment opportunities in the infrastructure sector across growing middle-income emerging markets globally with a focus on China, India, Indonesia, Malaysia, the Philippines and Viet Nam in Asia, and Brazil, Chile, Colombia, Mexico and Peru in Latin America.

ENVIRONMENTAL AND SOCIAL INFORMATION

AIIB’s Environmental and Social Policy (ESP) is applicable to this project. The project has been placed in Category FI, because the financing structure involves the provision of funds through a financial intermediary (the Fund). AIIB will delegate to the Fund Manager the decision-making on the use of AIIB’s proceeds for further investing in accordance with the Environmental, Social and Governance Management System (ESGMS) as agreed with AIIB. The ESGMS will be adopted by the Fund prior to the execution of the financing agreements for this Project. The Fund Manager’s ESGMS shall include screening, categorizing, appraisal, contracting and monitoring of investments supported by AIIB in accordance with the ESP, the Environmental and Social Exclusion List, regulatory requirements in the jurisdictions of operation and, where applicable, the AIIB Environmental and Social Standards (ESS). AIIB financing will not be utilized to fund portfolio companies’ Category A or high-risk Category B subproject�s. Coal mining, coal transportation and coal-fired power plants, as well as infrastructure exclusively dedicated to support any of these activities will be excluded from eligibility for financing under the Project. The ESGMS will include processes for timely disclosure of environmental and social (ES) information, conduct of stakeholder engagement activities, and establishment of subproject-level Grievance Redress Mechanisms (GRMs) to address concerns and grievances from both project workers and project-affected people. The Fund Manager will monitor these aspects as part of its portfolio monitoring process. For all investments supported by AIIB, the Fund will seek to require the establishment of a portfolio company-level ESGMS aligned with the Fund ESGMS. The Fund Manager will be required to periodically disclose the names, locations and sectors of portfolio companies that are being supported by AIIB’s financing, subject to regulatory constraints and market sensitivities. Furthermore, the Fund Manager will be required to create an external communication mechanism to address views of affected people, enquiries or concerns regarding its own ES processes and outcomes as well as ES impacts and performance of the portfolio companies invested by the Fund. The Fund will submit to AIIB an annual ES monitoring report on the ES performance of all AIIB-supported investments. AIIB will conduct regular monitoring of the Fund’s activities, including visits to selected investments when travel restrictions are lifted.

PROJECT TEAM LEADER

Asian Infrastructure Investment Bank

Jingyi Zhang

Senior Investment Officer

[email protected]

Kristina Yu

Investment Associate

[email protected]

IMPLEMENTING ENTITY

GIM EM Manager, LLC

Annabel Wiscarson

Head of Investor Relations

[email protected]

PROJECT DOCUMENTS

AIIB DOCUMENTS Project Summary (November 21, 2023)

LEARN MORE

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The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 111 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

HEADQUARTERS

Asian Infrastructure Investment Bank (AIIB) Tower A, Asia Financial Center, No.1 Tianchen East Road, Chaoyang District, Beijing 100101 Tel: +86-10-8358-0000

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