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Max Planck Encyclopedia of Public International Law [MPEPIL]

Asian Infrastructure Investment Bank (AIIB)

Xuan Gao, Peter Quayle

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 08 December 2019

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...
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