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The Asian Infrastructure Investment Bank: What, Where, When, Why and How Much

... and yet they contain some vague language that can be interpreted in different ways. Many actors, and many points of view Kazushige Kobayashi, Manuel A.J. Teehankee: The AIIB’s Launch Sets the Stage for Supply- Side Competition in Development Finance The scope of AIIB’s activities is somewhat restricted by the existence of large global and regional actors, such as the IMF, the Asian Development Bank, the World Bank, and the OECD. The United States and Japan have met the emergence of the new institution with ...

24.05.2016

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

... Bretton Woods? Conclusion In development finance, the center of power has traditionally been nestled in the Bretton-Woods institutions where major Western powers have taken the lead so far. The promotion of an alternative financial institution such as the AIIB promotes the regionalization of development finance, which increases competition among the existing and new-coming multilateral development banks. Our conclusion is that heightened competition deters the monopolistic behaviors of major creditors and leads to the increased overall funding availability ...

14.07.2015

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