AIIB Clarifies its Role in Indonesia Tourism Development Project
BEIJING, April 18, 2023 /PRNewswire/ -- The Asian Infrastructure Investment Bank (AIIB) has clarified that its investment in the Indonesia Mandalika Urban and Tourism Infrastructure Project (Mandalika Project) is in compliance with environmental and social standards.
- BEIJING, April 18, 2023 /PRNewswire/ -- The Asian Infrastructure Investment Bank (AIIB) has clarified that its investment in the Indonesia Mandalika Urban and Tourism Infrastructure Project (Mandalika Project) is in compliance with environmental and social standards.
- Since approval of the Mandalika Project, AIIB has closely monitored implementation by its client, the Indonesia Tourism Development Corporation (ITDC), of the Bank's Environmental and Social Framework.
- With support from AIIB, ITDC has worked with affected communities while preparing the Project to avoid, minimize and/or mitigate potential adverse impacts.
- AIIB notes that the Mandalika Project, like any other infrastructure development, is a complex undertaking but the Bank remains committed to working with its partners and stakeholders, so that everyone can participate in and reap the benefits the Project is anticipated to bring.