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?
The multilateral development banks, the private sector, fossil fuel industry and governments are intensifying their own version of narratives with respect to achieve the SDGs and the Paris Agreement. Nevertheless for CSOs, peoples’ movements and communities at the forefront of this battle, it is about stopping coal – fired power plants and other fossil fuel including natural gas as well as fight for the space for acceptable renewable investments to thrive in.
We, civil society organizations working to achieve sustainable development in Vietnam, express our collective concern with the Energy Strategy articulated in the Discussion Draft released by the Asian Infrastructure Investment Bank (AIIB).
A decade after former US Deputy Secretary of State Robert Zoellick urged China to become a “responsible stakeholder” (Zoellick 2005) in the international system, China started its so far biggest multilateral initiative, the Asian Infrastructure Investment Bank (AIIB). Early this year the bank opened for business and started to approve its first projects in Central, South and Southeast Asia
On 31 October 2016, the Institute of Security and International Studies (ISIS Thailand) organized the Public Forum titled “What’s AIIB All About? China, Asia and A Contested Global Order” in cooperation with Heinrich Böll Stiftung Southeast Asia (hbs) and Chulalongkorn University. The event hosted speakers from a variety of backgrounds to comment on the report “Making Inroads: Chinese Infrastructure Investment in ASEAN and Beyond”, authored by Mark Grimsditch of Inclusive Development International (IDI) with the support of hbs.