Development Finance with Chinese Characteristics?
China-led initiatives like the Asian Infrastructure Investment Bank and the Silk Road Fund have been criticized as efforts to displace existing bodies like the World Bank. But China and its partners seem less interested in supplanting current institutions than in improving upon them.
https://prosyn.org/67ChDeT
GENEVA – After a late flurry of additions to the founding membership of the Asian Infrastructure Investment Bank, attention now turns to setting the China-led AIIB’s rules and regulations. But important questions remain – most important, whether the AIIB is a potential rival or a welcome complement to existing multilateral financial institutions like the World Bank.