The AIIB’s dedication to being ‘lean’ endangers its capacity to spend sustainably
AIIB president Jin Liqun (image: World Economic Forum)
As soon as the bankers descend on Mumbai week that is next the next yearly general conference regarding the Asian Infrastructure Investment Bank (AIIB), numerous will ask perhaps the world’s latest multilateral development bank has resided as much as its claims as it had been created in 2015.
Promoting sustained development that is economic infrastructure investment without making an ecological impact is our sacred objective
Its rhetoric happens to be impressive. The bank’s energy strategy consented a year ago promised to “embrace” the Paris Climate Agreement additionally the Sustainable Development Goals. Its main investment officer D Jagatheesa Pandian, whom worked closely with India’s Prime Minister Narendra Modi as he had been main minister of Gujarat, guaranteed a “bank for the twenty-first century”.
Meanwhile, AIIB president Jin Liqun told Bloomberg in May that “promoting suffered development that is economic infrastructure investment without making an ecological impact is our sacred mission”. The bank’s long-standing mantra is become “lean, neat and green”.
Nevertheless, worrying indications are growing that the lender is struggling because of the tensions between being slim being green. Continue reading “The governance must be delivered by the AIIB to suit its rhetoric”