October 8, 2019
The Asian Infrastructure Investment Bank (AIIB) provides financing for public and private infrastructure projects for Asia, but also beyond. When the AIIB was launched in January 2016 with 57 founding members, many observers argued that it will become a Chinese dominated bank instead of a multilateral one: For the first time a new multilateral development bank championed by China – with Beijing sitting at the center of the table, setting the agenda, defining the priorities, making the rules.
Almost five years later, the AIIB has progressed faster than many expected and counts 100 members already. In the latest episode of the MERICS experts podcast, Gregory Chin, a former Canadian diplomat and an Associate Professor in the Department of Political Science at York University (Canada), talks to Kerstin Lohse-Friedrich about the AIIB, potential new members, and China’s priorities.