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Chris Legg | East Asia Forum eastasiaforum.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eastasiaforum.org Daily Mail and Mail on Sunday newspapers.
29 December 2020 Author: Chris Legg, Melbourne The Asian Infrastructure Investment Bank’s (AIIB) recently released 10-year Corporate Strategy will provide a much-needed anchor for the Bank’s operations as it seeks to pivot back to core business and away from the focus on members’ emergency COVID-19-related needs. Multilateral development banks (MDBs) like the AIIB struggle to resist mission creep when under pressure from diverse memberships and ambitious managements. The Corporate Strategy reaffirms some important foundational elements of its purpose. There is a clear focus on infrastructure project financing, albeit with ambition to play a bigger role in assisting project preparation. Provision of policy advice is largely left to others with greater capacity for such dialogue, such as the Asian Development Bank and the World Bank, thereby also managing potential sensitivities regarding the Bank’s largest shareholder. ....