The AIIB’s Launch Sets the Stage for Supply-Side Competition in Development Finance

... redouble efforts to secure their economic presence in the region. There are already early signs of increased funding availability (and improved lending conditions) to beneficiary nations. For instance, shortly after the announcement on April that the AIIB would be joined by more than 50 countries across the world, the ADB announced that its grant procedures would be simplified to allow swifter access to finance. The ADB also announced that it would boost its total lending and grant approvals to an unprecedented level of 20 billion dollars annually, out of which normally 16 billion dollars should be allocated to the infrastructure sector [11] . On May ...