All Economic Governance & G20 Content

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

Study

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?

Understanding the financialisation of international development through 11 FAQs

This article explores how growth of the finance sector can overtake growth in the "real" economy, including manufacturing or trade, and depress wages as returns to capital are protected or increased. In developing and emerging countries, financialisation deepens the vulnerability of local financial systems when they are subject to the volatility of global capital markets and the interest rate decisions of large countries, particularly the US. Without proper controls, financialization can redirect the development process towards securing the profits of private companies and private finance.

The Other Infrastructure Gap: Sustainability

Mega-infrastructure plans and financing and investment policies to promote private investments in the energy, transport and water sectors are on the rise. This publication provides recommendations to policy- and decision-makers on how human rights and environmental benefits can be maximized.

Contracts for Sustainable Infrastructure

Report

Infrastructure is essential to the achievement of the sustainable development goals (SDGs) and to the success of the Paris Agreement on Climate Change. Our partner IISD presents why governments must invest in sustainable infrastructure and how they can integrate sustainability into infrastructure contracts.

Economic Governance & G20 Archive