The Asian Infrastructure Investment Bank (AIIB): A Multilateral Bank Where China Sets the Rules

The Asian Infrastructure Investment Bank (AIIB): A Multilateral Bank Where China Sets the Rules

April 10, 2019 by Korinna Horta
Heinrich Böll Foundation in cooperation with urgewald
For free
pdf
Place of Publication: Berlin
Date of Publication: April 2019
Number of Pages: 40
License: CC-BY-NC-ND 4.0
Language of Publication: English
ISBN: 978-3-86928-196-4 / https://doi.org/10.25530/03552.6

In recent years, a number of countries have chosen to join the Asia Infrastructure Investment Bank (AIIB), which has become a major player in the global financial architecture in record time. The AIIB promises to be "lean, clean and green". In truth, it seems to be an instrument to promote Chinese interests. The analysis of Korinna Horta after three years of AIIB is very sobering. What can you do now? Is it time to acknowledge a total failure and leave the bank? What influence do shareholders still have and what should they push for?

Table of contents:

Foreword

Executive Summary

The Asian Infrastructure Investment Bank (AIIB): A Multilateral Bank where China sets the Rules

  • The Establishment of the AIIB – A Diplomatic Victory for Beijing
  • AIIB Governance – Concentrating Power at the Top
  • The AIIB and China's Belt and Road Initiative
  • The Misnamed «Accountability Framework»
  • Public Access to Information: Principles versus Specific Requirements 
  • The Environmental and Social Framework
  • The Project-Affected People's Mechanism: A Bureaucratic Obstacle Course
  • The Risk of Contagion and a Downward Spiral
  • How Did We Get Here?
  • A Reform Agenda

Appendix

Selected AIIB Policy Papers

Abbreviations