Asian Infrastructure Investment Bank as an instrument for Chinese influence? Supplementary versus remedial multilateralism

2021 ◽  
Vol 145 ◽  
pp. 105531
Author(s):  
Ayse Kaya ◽  
Christopher Kilby ◽  
Jonathan Kay
Keyword(s):  
Infrastructure Investment ◽  
Investment Bank ◽  
Asian Infrastructure Investment Bank

scholarly journals Institutional Innovation by the Asian Infrastructure Investment Bank

2018 ◽  
Vol 9 (1) ◽  
pp. 125-152 ◽  
Author(s):  
James RANSDELL
Keyword(s):  
International Organizations ◽  
Status Quo ◽  
Institutional Innovation ◽  
Project Finance ◽  
Infrastructure Investment ◽  
Development Bank ◽  
Investment Bank ◽  
Asian Infrastructure Investment Bank ◽  
Operational Policies ◽  
The Status

AbstractThe Asian Infrastructure Investment Bank [AIIB] is the world’s newest multilateral development bank [MDB] and already one of Asia’s largest international organizations by membership. This paper will compare the institutional structure of the AIIB with that of the Asian Development Bank [ADB] to identify areas in which the AIIB has innovated as a matter of international institutional law. In reviewing the constituent documents, bylaws, and operational policies of the two banks, the paper will juxtapose the AIIB and ADB’s approaches to membership, project finance, voting, and governance. It will identify not only innovations, but also the likely implications, positive and negative, thereof. Finally, it will assess the degree to which these innovations may impact the AIIB’s ability to partner with existing MDBs. In particular, the AIIB’s approach to project finance and governance mark a significant break from the status quo, while in other areas it has remained conservative.

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