2020 was the AIIB's fifth operative e year. The bank has set itself a five-year start-up phase to build up the institution.
To date, the AIIB has drawn up a number of sector strategies and pinpointed three thematic priorities:
- sustainable infrastructure
- mobilising private capital
- promoting cross-border connectivity.
AIIB members, including Switzerland, have adopted the bank's strategies on energy, transport, sustainable urban planning and mobilising private capital. In 2017, the AIIB received the highest ratings from ratings agencies Moody's, Fitch and Standard and Poor's. In 2018 and 2019, these agencies once again confirmed the AIIB's creditworthiness.
At the end of March 2020, the bank's board of directors approved more than USD 13 billion for projects in different infrastructure sectors in 21 of its member states, such as India, Indonesia and Bangladesh. A limited amount (no more than 15%) may be invested outside Asia, although the projects must have either a connection to Asia or be of global interest, such as climate change for example.
A number of projects continue to be jointly financed with other development banks. This is an important stage in transferring expertise to the AIIB during its start-up phase.