Definition
The Asian Infrastructure Investment Bank is a multilateral development bank established in 2016 with a mission to improve social and economic outcomes in Asia, by investing in sustainable infrastructure and other productive sectors.
Introduction
The Asian Infrastructure Investment Bank (AIIB) is a Multilateral Development Bank (MDB), established by China and 56 other member states in 2016, with initial pledged capital of US$100 billion, to address the infrastructure deficit in Asia, the world’s fastest-growing region. By bolstering finance for development, the bank promises improved economic security for its member states, most of which have unmet demand for energy and other infrastructure. The new institution represents, however, a challenge to the international system. Along with a series of other new institutions and platforms for engaging with the developing world, the AIIB marks China’s return to great power status, contributing to global economic governance alongside...
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Morris, D. (2020). Asian Infrastructure Investment Bank. In: Romaniuk, S., Thapa, M., Marton, P. (eds) The Palgrave Encyclopedia of Global Security Studies. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-74336-3_637-1
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DOI: https://doi.org/10.1007/978-3-319-74336-3_637-1
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