scholarly journals Thinking about the Asian Infrastructure Investment Bank: Can a China-Led Development Bank Improve Sustainability in Asia?

2017 ◽  
Vol 4 (3) ◽  
pp. 541-554 ◽  
Author(s):  
Robert J. Hanlon
Keyword(s):  
Infrastructure Investment ◽  
Development Bank ◽  
Investment Bank ◽  
Asian Infrastructure Investment Bank

scholarly journals Institutional Innovation by the Asian Infrastructure Investment Bank

2018 ◽  
Vol 9 (1) ◽  
pp. 125-152 ◽  
Author(s):  
James RANSDELL
Keyword(s):  
International Organizations ◽  
Status Quo ◽  
Institutional Innovation ◽  
Project Finance ◽  
Infrastructure Investment ◽  
Development Bank ◽  
Investment Bank ◽  
Asian Infrastructure Investment Bank ◽  
Operational Policies ◽  
The Status

AbstractThe Asian Infrastructure Investment Bank [AIIB] is the world’s newest multilateral development bank [MDB] and already one of Asia’s largest international organizations by membership. This paper will compare the institutional structure of the AIIB with that of the Asian Development Bank [ADB] to identify areas in which the AIIB has innovated as a matter of international institutional law. In reviewing the constituent documents, bylaws, and operational policies of the two banks, the paper will juxtapose the AIIB and ADB’s approaches to membership, project finance, voting, and governance. It will identify not only innovations, but also the likely implications, positive and negative, thereof. Finally, it will assess the degree to which these innovations may impact the AIIB’s ability to partner with existing MDBs. In particular, the AIIB’s approach to project finance and governance mark a significant break from the status quo, while in other areas it has remained conservative.

scholarly journals Multilateral Banks’ Participation in Infrastructure Projects of the Eurasian Economic Union and in the Belt and Road Initiative in Central Asia

2020 ◽  
pp. 107-111
Author(s):  
Alexander S. Burnasov ◽  
◽  
Ksenia G. Muratshina ◽  
Keyword(s):  
Central Asia ◽  
Infrastructure Investment ◽  
Infrastructure Projects ◽  
Development Bank ◽  
Investment Bank ◽  
Asian Infrastructure Investment Bank ◽  
Strategic Value ◽  
Central Asian ◽  
International Banks

This article analyses the infrastructure projects in Central Asia, which are being financed by two major international organisations, two multilateral banks: the Eurasian Development Bank (EDB) and the Asian Infrastructure Investment Bank (AIIB). The article aims to evaluate the activity of these two institutions in the region and to compare their priorities and the probable efficiency of their projects for the development of Central Asian countries. The choice of the region for the study is conditioned by the fact that Central Asian states are Russia’s close neighbours, and the whole region is characterised by its critical strategic value for Russia’s foreign policy. The methodology of the study is based on the use of discourse analysis of the organisations’ documents, accessible for public: agreements, plans, reports, project-related documentation. In addition, the authors have monitored and analysed the relevant news archives of Russian and foreign mass media. The article consequently analyses the typology of both organisations through the lens of the international integration studies, the institutional structure of the EDB and the AIIB, the specific features of their functioning as international relations actors, and the actual infrastructure projects financed by these institutions in Central Asia. The study demonstrates that the policies and the priorities of the two international banks differ considerably. While the Asian Infrastructure Investment Bank prefers to finance the construction of roads and energy infrastructure, the Eurasian Development Bank remarkably credits production more and finances projects aimed at the industrial cooperation of Eurasian countries. Obviously, in the view of the long-term development, all areas of infrastructure expansion are worth financing; however, one can note that projects, approved by the EDB, can be characterised as more significant both at the present stage and in the long-term perspective. In addition, they contribute to the development of regional economic cooperation and Eurasian integration. If we look at the environmental and social safety of the infrastructure projects, the activities of the AIIB, regardless of its declarations on sustainable development, bear certain risks due to the existing cases of violation of environmental rules by the bank’s founder and major operator – the People’s Republic of China – in its infrastructure projects abroad. This circumstance highlights the critical importance of elaboration of national and multilateral mechanisms of control and inspection of major international infrastructure projects, as well as the necessity to fulfill the obligation of demanding their approval by the citizens of the recipient countries.

scholarly journals The Asian Infrastructure Investment Bank: A Qualified Success for Beijing's Economic Statecraft

2021 ◽  
pp. 186810262110469
Author(s):  
Kai Yin Allison Haga
Keyword(s):  
Infrastructure Investment ◽  
Net Income ◽  
Development Bank ◽  
Investment Bank ◽  
Asian Infrastructure Investment Bank ◽  
Economic Statecraft ◽  
Strategic Goals ◽  
Effective Instrument ◽  
Regional Influence ◽  
International Status

In 2013, China's growing economic capacities motivated Beijing to launch a multilateral bank to advance its diplomatic agenda. Scholars are still debating precisely what Beijing seeks to accomplish through the Asian Infrastructure Investment Bank (AIIB). This article surveys the key literature on the AIIB, identifying twenty scholarly interpretations of Beijing's strategic goals. The purpose of this research is to understand Beijing's initial design for this bank and evaluate whether this new multilateral development bank can function as an effective instrument for Beijing's economic statecraft. Over its first five years, as an economic tool for Beijing, the AIIB has performed quite remarkably well. The bank not only operates smoothly, generating a reasonable amount in net income for its shareholders, but also serves Beijing's strategic purposes in expanding China's regional influence, enhancing its international status, and ascending toward global leadership.

A Comparative Guide to the Asian Infrastructure Investment Bank

2018 ◽  
Author(s):  
Lichtenstein Natalie
Keyword(s):  
Infrastructure Investment ◽  
Development Bank ◽  
General Reader ◽  
Investment Bank ◽  
Public And Private ◽  
Asian Infrastructure Investment Bank ◽  
Legal Provisions ◽  
The World Bank ◽  
African Development Bank ◽  
Set Up

The Asian Infrastructure Investment Bank (AIIB) opened for business in 2016, as a $100 billion multilateral development bank (MDB) that finances public and private infrastructure projects for Asia. AIIB’s founders, led by China, span Asia, Europe and the Middle East—now a global footprint. A Comparative Guide to the Asian Infrastructure Investment Bank examines AIIB through the lens of its Charter, focusing on its mandate, investment operations, membership, finance, governance, and institutional set-up. Separate chapters explain how each element matters for MDBs generally, then analyze the related AIIB text, and compare the provisions and practice of its predecessors. These chapters expound upon the reasons behind AIIB’s legal provisions and offer detailed analyses of the similarities and differences with the Charters of the World Bank and regional MDBs (principally, the African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, and the Inter-American Development Bank). Introductory and highlights chapters tell how AIIB was founded and summarize its key features. A chapter on Transitions recounts AIIB’s path from agreement to establishment. Relevant themes from MDB histories are outlined as a guide to AIIB’s future, in a chapter on Reflections. Throughout, text and tables record AIIB’s governance and decisions through December 2017. This book takes apart the AIIB Charter for the general reader and for the specialist—from the perspective of the lawyer who put it together. It’s an inside look at how this new international organization went from concept to reality, and an up-to-date comparative legal guide to MDBs.

The accession of Latin American countries to the Asian Infrastructure Investment Bank: lessons from Brazil and Chile

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Francisco Urdinez
Keyword(s):  
Latin America ◽  
Latin American ◽  
Decision Makers ◽  
Policy Implications ◽  
Infrastructure Investment ◽  
Development Bank ◽  
Investment Bank ◽  
Content Type ◽  
Asian Infrastructure Investment Bank ◽  
Latin American Countries

PurposeThe purpose of this paper is to discuss the motivations behind the accession of Latin American countries to the Asian Infrastructure Investment Bank (AIIB) with a focus on the cases of Brazil and Chile.Design/methodology/approachThe author collected data using a case study methodology, primarily through semi-structured interviews with decision-makers and through official government documentation.FindingsThe findings identified that, overall, the Brazilian politicians who made the decision to join the bank had an unclear perception of its economic benefit and believed that the clearest benefit from accession is political (to support China's initiative). After years of domestic political turmoil and economic crisis, Brazil experienced delayed incorporation into the bank, slow ratification processes in the domestic arena and a reduction in its capital commitment. Chilean decision-makers, on the other hand, seemed to have a clearer idea of the benefits from accessing the bank, which explains that their ratification process has been faster and smoother. Yet, a surprising socio-political crisis delayed incorporation into the bank. Both countries have delayed their accession to the bank due to domestic crises.Practical implicationsThree policy implications can be drawn from this study. First, the entry of Latin American countries into the bank reflects the persuasiveness of Chinese diplomacy in this region. Second, the author finds that interviewees are not always able to differentiate the AIIB from the Belt and Road Initiative (BRI) and hold the misguided idea that the AIIB is subordinated to the BRI rather than complementary to it. This might set overly high expectations of the benefits of entering the AIIB. Third, the author foresees that the largest potential of the AIIB in Latin America lies in the possibility of participating in co-financed projects, in particular with the Inter-American Development Bank and the Development Bank of Latin America.Originality/valueResearch on the AIIB has boomed in recent years, yet there are few in-depth studies about Latin American prospective members. The value of this study lies in offering in-depth data for two of the eight prospective members from this region.

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