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A Comparative Guide to the Asian Infrastructure Investment Bank by Lichtenstein, Natalie

1 Beginnings

From: A Comparative Guide to the Asian Infrastructure Investment Bank

Natalie Lichtenstein

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 19 May 2019

Sustainable development — Regional organizations — Universal international organizations — Travaux préparatoires — Treaties, conclusion

Chapter 1, Beginnings, introduces the Asian Infrastructure Investment Bank (AIIB), the book and its author. The origins of the AIIB proposal by China are discussed, along with the global economic and geo-political aspects that led to its establishment. There are comparisons to the establishment of other multilateral development banks: the World Bank, and the Inter-American Development Bank (IADB), the Asian Development Bank (AsDB), the African Development Bank (AfDB) and the European Bank for Reconstruction and Development (EBRD). The steps in the negotiating process in 2014–2015 are summarized, and presented in a table of the 57 countries that participated. The author describes her role in drafting the AIIB Charter and some of the considerations in the choice of model.

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