Directions: Some sentences have been removed in the following text. Choose the most suitable one from the list A-G to fit into each of the blanks. There are two extra choices which do not fit in any of the blanks.
Asian Infrastructure Investment Bank (AIIB or Bank) supports infrastructure and interconnectivity to promote economic growth and improve the lives of people in its member countries. 1. ____________________ AIIB recognizes that it is the responsibility of Clients in their activities, to comply with their legal obligations (including under international law) relating to environmental and social sustainability, and is prepared to assist Clients in meeting these obligations in its areas of focus.
2. ____________________ For AIIB, inclusion means empowering all citizens to participate in, and benefit from, the development process in a manner consistent with local conditions. Inclusion encompasses policies to promote equity of opportunity by improving the access of poor and disadvantaged people to education, health, social protection, infrastructure, affordable energy, employment, financial services and productive assets. It also embraces action to remove barriers against those who are often excluded from the development process, such as women, children and minorities, and to ensure that the voice of all citizens can be heard.
3. ____________________
AIIB’s Clients, whether public or private, are responsible for successful development and implementation of their Operations, including management of the environmental and social risks and impacts of these activities. AIIB aims to work in a cooperative manner—by providing expert advice and financing specialized consultants—to support its Clients in integrating environmental and social aspects into their Operations.
4. ____________________ The objective of biodiversity conservation and sustainable management of living natural resources should be balanced with the potential for utilizing the multiple economic, social and cultural values of biodiversity and living natural resources in an optimized manner. AIIB seeks to work with its Clients to maintain the livelihoods of Indigenous Peoples and other affected communities whose access to, or use of, biodiversity or living natural resources may be affected by an Operation.
Indeed, AIIB recognizes the challenges presented by climate change and the need to support both mitigation and adaptation measures in its Operations. AIIB aims to support its Clients in their evaluation of both the potential impacts of Operations on climate change and the implications of climate change on Operations. AIIB intends to work with its Clients to identify opportunities for no-or low-carbon investments and for reducing emissions in Operations. AIIB also seeks to support its Clients in their development of both mitigation and adaptation measures that promote climate resilient investments.
5. ____________________ Meaningful consultation is a process that begins early and is ongoing throughout the Operation. It is inclusive, timely and undertaken in an open manner. It conveys adequate information that is understandable and readily and in turn, enables the incorporation of stakeholders’ views into decision-making. It is conducted in a manner commensurate with the risks to, and impacts on, those affected by the Operation.
A. The AIIB, a modern knowledge-based institution, will focus on the development of infrastructure and other productive sectors in Asia, including energy and power, transportation and telecommunications, rural infrastructure and agriculture development, water supply and sanitation, environmental protection, urban development and logistics, etc.
B. In addressing the development challenges of Asia, AIIB subscribes to the principles of sustainable development in the identification, preparation and implementation of Operations.
C. For the principles of environmental and social sustainability to be effectively integrated into policies and Operations, AIIB believes that they should become part of routine decision-making processes and that environmental and social issues should receive consideration in the identification, development, implementation and evaluation of all Operations.
D. AIIB believes that social development and inclusion are critical for sound development.
E. The social development and inclusion unit supports the development of strategic planning and co-ordination structures to identify key priority social development and social Inclusion issues in the county and promote collaborative actions with the various organisations to address these issues.
F. AIIB recognizes that protecting and conserving biodiversity, sustainably managing living natural resources and maintaining core ecological functions are fundamental to sustainable development.
G. AIIB believes that meaningful consultation is essential for the design and implementation of an Operation.
