“Crossing the River by Feeling the Gold”: The Asian Infrastructure Investment Bank and the Financial Support to the Belt and Road Initiative

2017 ◽  
Vol 25 (5) ◽  
pp. 23-45 ◽  
Author(s):  
Giuseppe Gabusi
Author(s):  
Zhongying Pang

This chapter discusses China’s changing attitude, doctrine, and policy actions towards international order and offers some tentative findings on the complexity of China’s role in the struggle over the future of international order. This complexity results from China’s efforts simultaneously to consolidate its presence in the existing international order but also to reform existing global governance institutions. The ambition to seek an alternative international order makes it, at least to some extent, a revisionist state. While pursuing an agenda to reform the existing international order from within, China additionally has begun to sponsor an unprecedented number of new international institutions and initiatives of its own, such as the Asian Infrastructure Investment Bank (AIIB) and the Belt and Road Initiative (BRI). How this will play out will depend above all on the interaction of China with a USA still wedded to its hegemonic role in world politics.


2020 ◽  
Vol 4 (1) ◽  
Author(s):  
Anggara Raharyo ◽  
Shelia Saady

The establishment of Asian Infrastructure Investment Bank (AIIB) was first marked with the proposition made by People’s Republic of China (PRC) President Xi Jinping in 2013. Many since then believes that the establishment of the AIIB is part of PRC’s bigger plan that is the Belt and Road Initiatives (BRI). The significance of Turkey strategic position for the implementation of BRI, it is very crucial for PRC to maintain a steady flow of cooperation with Turkey.  Out of 93 members that has joined as a part of AIIB, Turkey stands as the second largest loan receiver by the end of 2018. This article argues that PRC has been using AIIB as part as their BRI plan through its multilayered-multilateralism strategy to Turkey. This article analyze the loan policies that has been made by PRC and AIIB to Turkey from 2016 to 2018


2018 ◽  
Vol 4 (2) ◽  
pp. 122-153 ◽  
Author(s):  
Dilini Pathirana

Abstract International investment is one of the fields of global governance that is likely to be affected by China’s rise as a global superpower in general, and its rise as a global investor in particular. It has become manifest by China’s leadership in forming of the G20 Guiding Principles for Global Investment Policymaking and in establishing the Asian Infrastructure Investment Bank, while signaling the country’s growing capacity to influence global investment governance. However, China’s aspiration to steer global investment governance is being hindered by the increased backlash against globalisation and the investment treaty regime, as well as the rapid growth of Chinese investments. At the same time that protectionist measures aimed at Chinese investments are on the rise, the Belt and Road Initiative is underway, which will increase Chinese desire to safeguard the interests of Chinese investors. Consequently, it is possible that a Beijing-based pole in global investment governance could emerge, just as reforms are underway to address the legitimacy crisis in the regime.


Author(s):  
Fábio Colombo ◽  

A Belt and Road Initiative (BRI) e o Asian Infrastructure Investment Bank (AIIB), o primeiro um projeto de interligação de economias a partir da China e o segundo uma instituição multilateral de financiamento a projetos de infraestrutura, são elementos definidores da política externa chinesa no século XXI. Entender a relação entre essas duas componentes é relevante porque permite realizar inferências acerca da projeção de poder chinês no sistema internacional. Neste sentido, entende-se que uma abordagem a partir da ideia de bens públicos globais é útil, pois se encaixa em um contexto mundial de fadiga dos Estados Unidos enquanto provedor desses e aparente vontade chinesa de assumir esse papel. O presente trabalho analisa a oferta de bens públicos por parte da China por intermédio do AIIB. Define-se, portanto, que o objetivo geral é verificar se essa instituição preenche a função de prover bens públicos no âmbito da BRI. Os objetivos específicos são (1) revisar a literatura acerca de bens públicos globais dentro da ótica de Kindleberger (1973) e outros autores; (2) discorrer sobre o AIIB e a BRI, demonstrando uma relação de financiamento do primeiro em relação ao segundo e; (3) aplicar a noção de bem público ao AIIB. Verificou-se que a multilateralidade, segurança jurídica e financiamento ao desenvolvimento são bens públicos promovidos pela instituição analisada. Palavras-chave: AIIB; BRI; bem público; China; Economia Política Internacional.


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