The Asian Infrastructure Investment Bank (AIIB) is a multilateral, Asia-focused development bank conceived for the 21st century. The first annual meeting of the AIIB Board of Governors was held in Beijing on June 25th 2016. The bank was established with fifty-seven countries, with more than thirty other countries on the waiting list. Notably the U.S. and Japan, two G7 nations, have opted not to join.
This podcast episode features Dr. Yukong Huang, who is a senior associate in the Asia Program at the Carnegie Endowment for International Peace, and served as the World Bank’s Country Director for China from 1997-2004. This inaugural episode of the ChinaPower Project explores why China decided to establish the AIIB, what goals does it seeks to advance with the bank, the conditions and prospects for the AIIB’s success or failure, its potential impact on other international lending institutions, and whether China’s leadership within the bank will bolster China’s international influence.