Civil society leans on Europe to ensure accountability at AIIB

The Asian Infrastructure Investment Bank logo as seen from the bank’s headquarters. Photo by: REUTERS / Kim Kyung-Hoon

BERLIN — Now in its fourth year of operations, the Asian Infrastructure Investment Bank's approach to development work is coming into sharper focus — and not everyone likes what they see.

As AIIB begins a transition from co-financing projects to funding its own standalone initiatives, the new kid on the multilateral financing block has implemented several key oversight, disclosure, and complaint-handling mechanisms, which it says reflect industry best practices, while also prioritizing efficiency and flexibility.

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    Andrew Green

    Andrew Green is a Devex Correspondent based in Berlin. His coverage focuses primarily on health and human rights and he has previously worked as Voice of America's South Sudan bureau chief and the Center for Public Integrity's web editor.