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Does The Asian Infrastructure Investment Bank Add Anything New To Multilateral Finance In Asia?

Author

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  • Malmström Rognes, Åsa

    (Department of Economic History, Uppsala University & The European Institute of Japanese Studies)

Abstract

This paper analyses the AIIB; its mandate, resources, governance and how it compares to the other multilateral development banks operating in Asia. When China proposed a new multilateral development bank in Asia devoted to infrastructure, there were numerous questions raised. These included whether there was really a need for another development bank, whether the new bank would have sufficiently high environmental and social safeguards and be as transparent as the existing ones. This examines the AIIB in comparison to the existing multilateral development banks in Asia and in particular the ADB with its emphasis on infrastructure. The paper finds that there is certainly a need for more funding but it isn’t clear that it is best met by another multilateral.

Suggested Citation

  • Malmström Rognes, Åsa, 2017. "Does The Asian Infrastructure Investment Bank Add Anything New To Multilateral Finance In Asia?," EIJS Working Paper Series 244, Stockholm School of Economics, The European Institute of Japanese Studies.
    • Handle: RePEc:hhs:eijswp:0244
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    More about this item

    Keywords

    Multilateral development banks; infrastructure development; development finance; Asian Infrastructure Investment Bank; Asian Development Bank; China; Japan;
    All these keywords.

    JEL classification:

    • F35 - International Economics - - International Finance - - - Foreign Aid
    • N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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