Asian Infrastructure Investment Bank (AIIB)

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  • Aman asked: How the operation of Asian Infrastructure Investment Bank (AIIB) by China differs from that of BRICS Bank? Why is China keen to develop such a bank in addition to BRICS Bank?

    Jagannath P. Panda replies:Operationally, both the AIIB and the New Development Bank (NDB) of the BRICS differ from each other in their structure and functionality. Both are yet to evolve as credible international banks. Their membership composition, areas of focus, structures, and operational and financing patterns make them different from each other.  

    AIIB Chronicle: China’s Ambition Behind Infrastructure Investment

    AIIB is a Chinese dominated bank and the Chinese excitement about AIIB is based on the control and strategic clout that Beijing, the bank’s main architect, wields over its functioning.

    March 21, 2017

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