Topic

Asian Infrastructure Investment Bank (AIIB)i

The Asian Infrastructure Investment Bank (AIIB) is a China-led international financial institution created to offer finance to infrastructure projects as part of China's Silk Road initiative, with a focus on bolstering links across Asia, the Middle East, Africa and Europe. Some government officials and analysts have said growing dissatisfaction among emerging economies at the failure to reform the International Monetary Fund's decision-making system encouraged China to set up the new international lender, with 57 participating countries.

 

 

Advertisement
  • The oversubscribed fund will focus on bolstering Asia’s digital infrastructure and energy transition
  • Fund has already allocated around half of its capital to companies including a green data centre operator and an offshore wind farm vessel operator

Beijing sends out officials to counter this ‘peak status’ perception, acknowledging short-term problems but framing long-term economic growth as inexorable.

videocam
Advertisement
Advertisement

Hong Kong is ‘very much back in motion’, James von Moltke says after the German lender hosts a board meeting in the city. German clients have ‘no sense of a separation of the links’ between the German and Chinese economies, he adds.

Neither India nor Brazil want to lose influence in the bloc, but observers say New Delhi’s recent tilt to the West mean its ‘makes sense’ for other BRICS members to back Beijing’s push to welcome Saudi Arabia, Indonesia and others into the fold.

Deputy prime minister announces review of Ottawa’s membership in Beijing-based lender hours after ex-director alleged that ‘party people run the bank’.

videocam

The New Development Bank (NDB), which funds infrastructure developments in emerging economies, is looking to finance more projects in local currency as a way of avoiding fluctuations in exchange rates, says its president, Dilma Rousseff.

videocam

More than one-third of the island nation’s families are going hungry. Its economy is shrinking. But Colombo can’t get its bailout until Beijing gives it financing assurances.

The China-backed Asian Infrastructure Investment Bank (AIIB) is set to establish its first overseas office in Abu Dhabi, the capital of the United Arab Emirates, to ‘gain experience’ before establishing its ‘long-term global presence’.

Collaboration between the Moscow-led Eurasian Economic Framework and Beijing’s Belt and Road Initiative is at risk of ‘secondary sanctions’ following Russia’s invasion of Ukraine, analysts say.

videocam