Asian Infrastructure Investment Bank (AIIB)
Xuan Gao, Peter Quayle
- Sustainable development — International financial law — International organizations, practice and procedure
Published under the auspices of the Max Planck Foundation for International Peace and the Rule of Law under the direction of Rüdiger Wolfrum.
1 The idea to create a multilateral ‘Asian Investment Bank’ to help address the sizeable infrastructure development needs in the region dates to a 2005 study by the United Nations Economic and Social Commission for Asia and the Pacific. However, the proposal did not develop further until referenced by the president of China , Xi Jinping, during a meeting in Jakarta with the president of Indonesia, Susilo Bambang Yudhoyono, in October 2013. 2 China’s announcement reflected a premise that its financial resources, along with expertise gained in rapidly expanding its...