The Asian Infrastructure Investment Bank (AIIB) has been operating for eighteen months, and, contrary to the fears of some Western analysts, the bank has tightly controlled risks, engaging in projects that are sensitive to local politics, social conditions, and the environment. While the AIIB has mainly been working closely with other multilateral development banks, the […]
Australia Wants AIIB to Invest in Coal Power
December 23, 2016 by
Australia is reportedly lobbying hard for the China-led Asian Infrastructure Investment Bank (AIIB) to invest in coal power projects in Asian countries. The newly-established development bank is currently drafting its energy strategy and the prospect that coal could be excluded from its priorities has alarmed both the Australian government and the country’s powerful coal […]
China-led AIIB approves $320 mln in loans to Pakistan, Myanmar power projects
October 6, 2016 by
The China-led Asian Infrastructure Investment Bank (AIIB) approved loans totalling $320 million to energy projects aiming to ease severe power shortages in Myanmar and Pakistan, the bank said on Thursday. A $300-million loan will fund expansion of a hydropower project in Pakistan, co-financed with the World Bank, and a loan of $20 million went to a power plant in Myanmar co-financed with other lenders, […]
