When Chinese President Xi Jinping announced in October 2013 his country’s plans to establish another multilateral development bank called the Asian Infrastructure Investment Bank, reactions were mixed.
Some stakeholders welcomed the idea, mainly as a way to fund Asia-Pacific’s huge infrastructure investment needs, but others have serious doubts over the Chinese government’s capacity to actually establish — not to mention operate — such an institution.
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About the authors
Lean Alfred Santos@DevexLeanAS
Lean Alfred Santos is a Devex development reporter focusing on the development community in Asia-Pacific, including major players such as the Asian Development Bank and the Asian Infrastructure Investment Bank. Prior to joining Devex, he covered Philippine and international business and economic news, sports and politics. Lean is based in Manila.
Orenz Nito
Orenz Nito is a development analyst at Devex’s survey analysis and advisory services team. Prior to joining Devex, he worked as a risk analyst for an Asia-focused security and political risk consulting firm, preparing risk assessment reports for foreign investors, international organizations and embassies operating in the Philippines and across Asia. Based in Manila, Orenz is currently working on his MBA degree.
