Оценка роли нового банка развития БРИКС и Азиатского банка инфраструктурных инвестиций в трансформации системы многосторонних банков развития (Assessing the Role of the BRICS Development Bank and the Asian Infrastructure Investment Bank in Transforming the System of Multilateral Development Banks)

2019 ◽  
Author(s):  
Marina Larionova ◽  
Andrey Shelepov ◽  
A. Sakharov
Keyword(s):  
Infrastructure Investment ◽  
Development Bank ◽  
Investment Bank ◽  
Multilateral Development Banks ◽  
Asian Infrastructure Investment Bank ◽  
Development Banks

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.

The Asian Infrastructure Investment Bank's environmental and social policies: a critical discourse analysis

2018 ◽  
Vol 34 (1) ◽  
pp. 1-18 ◽  
Author(s):  
Ciprian N. Radavoi ◽  
Yongmin Bian
Keyword(s):  
Discourse Analysis ◽  
Critical Discourse Analysis ◽  
Critical Discourse ◽  
Discursive Practice ◽  
Infrastructure Investment ◽  
Investment Bank ◽  
Multilateral Development Banks ◽  
The World Bank ◽  
Political Interests ◽  
Development Banks

AbstractLike all other multilateral development banks, the Asian Infrastructure Investment Bank (AIIB), which approved its first loan in November 2016, has adopted Environmental, Social and Governance (ESG) policies. Treating the text as Chinese discourse and using Critical Discourse Analysis as methodological tool, this article unveils socio-political interests beyond its contents and semiotics. We identify areas where the AIIB policies are intertextual with the ones that inspired them, namely those of the World Bank and the regional multilateral development banks, but also important departures from their discursive practice, reflecting the legal culture and strategic interests of AIIB's founders. Both appropriation and colonisation of ‘classical’ ESGs by the AIIB ones lead to reflection on social wrongs associated with development, and suggest solutions for turning development safeguards into meaningful instruments.

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