{"id":40590,"date":"2019-01-17T17:35:28","date_gmt":"2019-01-17T12:05:28","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=40590"},"modified":"2019-01-17T17:35:28","modified_gmt":"2019-01-17T12:05:28","slug":"asian-infrastructure-investment-bank-aiib","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/asian-infrastructure-investment-bank-aiib\/","title":{"rendered":"Asian Infrastructure Investment Bank (AIIB)"},"content":{"rendered":"<p><a href=\"https:\/\/www.thehindu.com\/opinion\/op-ed\/hitting-its-stride\/article26006692.ece\"><strong>Asian Infrastructure Investment Bank (AIIB)<\/strong><\/a><\/p>\n<p><strong><u>News:<\/u><\/strong> AIIB needs to diversify project areas as it completes three year of its functioning<\/p>\n<p><strong><u>Important Facts:<\/u><\/strong><\/p>\n<ul>\n<li>AIIB is a <strong>multilateral development bank<\/strong> with a <strong>mission to improve social and economic outcomes in Asia<\/strong><\/li>\n<li>AIIB currently has <strong>93 members<\/strong> countries and Beijing acts as AIIB headquarter<\/li>\n<li><strong>India has most benefitted from AIIB as about 25% of approved projects belongs to India<\/strong><\/li>\n<li>India along with China has permanent seats on the AIIB board of directors<\/li>\n<\/ul>\n<p><strong><u>Analysis of 3 years AIIB functioning:<\/u><\/strong><\/p>\n<ul>\n<li>Critics View: considered AIIB as an attempt to <strong>supplant international financing institution<\/strong><\/li>\n<li>Counter View: AIIB has devised innovative finance mechanism, uphold best practices and <strong>many projects are co-financed by World Bank, Asian Development Bank<\/strong><\/li>\n<li>Critics View: <strong>raised issue of effective governance and inadequate environmental and social safeguards in projects approved<\/strong><\/li>\n<li>Counter View: AIIB projects had been socially and environmentally conscious leading to <strong>AAA rating by International rating agencies<\/strong><\/li>\n<\/ul>\n<p><strong><u>Way Forwards\u00a0 for AIIB:<\/u><\/strong><\/p>\n<ul>\n<li>Need to widen <strong>portfolio of projects in areas such as smart cities, renewable energy, urban transport, clean coal technology, solid waste management and urban water supply<\/strong><\/li>\n<li>Faster loan appraisal procedure and lean organizational structure to lower cost of loans<\/li>\n<li><strong>Diversifying financing instruments<\/strong> including local currency financing<\/li>\n<li>Flexible procedures for responding to project clients needs<\/li>\n<li>To leverage its &#8220;<strong>special fund mechanism<\/strong>&#8221; to crowd in infrastructure financing from external sources<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Asian Infrastructure Investment Bank (AIIB) News: AIIB needs to diversify project areas as it completes three year of its functioning Important Facts: AIIB is a multilateral development bank with a mission to improve social and economic outcomes in Asia AIIB currently has 93 members countries and Beijing acts as AIIB headquarter India has most benefitted&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/asian-infrastructure-investment-bank-aiib\/\">Continue reading <span class=\"screen-reader-text\">Asian Infrastructure Investment Bank (AIIB)<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-40590","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1700403131},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/40590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=40590"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/40590\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=40590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=40590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=40590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}