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

Heinrich Böll Foundation in cooperation with urgewald
For free
Place of publication
Berlin
Date of Publication
April 2019
Number of Pages
40
Licence
Language of publication
English
ISBN / DOI
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