The Asian Infrastructure Investment Bank (AIIB) has been in the news off late, mostly for the right reasons. Heralded as the answer to the World Bank’s deficiencies which include its exclusive representation of European interests, it is touted to be a mechanism which will singularly fulfil Asia’s development needs through timely funding. Considering that a recent report pegs Asia’s infrastructural development to require around 8 trillion dollars’ worth of investment, the AIIB may indeed occupy a place of great importance, with its 100 billion dollar capital allocation. (china.org.cn) However, though the initiative must be welcomed, no extreme positions can be taken as of now, for it has certain aspects which must be carefully evaluated first. Tarun Nair, Research Intern at CPPR explains about newly formed Asian Infrastructure Investment Bank (AIIB)
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* The Authors is Research Intern at CPPR and a student of International Relations at FLAMES, Pune
The views of the Author are personal and does not in anyway represent the views of Centre for Public Policy Research.
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