Discussion about China’s establishment of the Asian Infrastructure Investment Bank has focused on questions about the AIIB’s governance and standards. This risks eclipsing a far more important discussion about the role that multilateral investment institutions play in supporting economic growth in emerging markets.
FREETOWN – China’s decision to establish the Asian Infrastructure Investment Bank has sparked a lively debate among governments, global finance experts, and development specialists. Unfortunately, while there is considerable support for the AIIB’s mission, much of the attention has been focused on questions about its governance and standards. This risks eclipsing a far more important discussion of the role that multilateral investment institutions play in supporting economic growth in emerging markets and the challenges they face achieving this goal.
FREETOWN – China’s decision to establish the Asian Infrastructure Investment Bank has sparked a lively debate among governments, global finance experts, and development specialists. Unfortunately, while there is considerable support for the AIIB’s mission, much of the attention has been focused on questions about its governance and standards. This risks eclipsing a far more important discussion of the role that multilateral investment institutions play in supporting economic growth in emerging markets and the challenges they face achieving this goal.