The Beijing-led Asian Infrastructure Investment Bank (AIIB): Global leader in infrastructure finance, at what cost?
The AIIB’s Approach to Transparency and Public Access to Information.
A study by Dr. Korinna Horta and Wawa Wang, VedvarendeEnergi for the Heinrich-Böll-Stiftung
Within a period of about five years, the Asian Infrastructure Investment Bank (AIIB) established itself as a major actor in multilateral finance under Chinese leadership. Its membership stands presently at 85 member states, among them 19 EU shareholders.
The authors of a new study, Dr. Korinna Horta (Independent Researcher, University of Lisbon) and Wawa Wang (Finance and Governance Program Director, VedvarendeEnergi) analysed the AIIB’s provisions for transparency and public disclosure of project information as the AIIB is positioning itself to become the global leader in infrastructure finance. The study (commissioned by Heinrich Boell foundation) identifies substantial shortcomings when it comes to the time-bound public disclosure of essential information relating to environmental and social impacts of large-scale infrastructure projects, which by their very nature carry high risks.
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