The AIIB - A multilateral bank like any other?

Published: 22 October 2021
The Beijing-led Asian Infrastructure Investment Bank (AIIB) opened for business in 2016 and rapidly became a major actor in global finance. By the end of 2020, the AIIB could count 102 approved member countries. The participation of Europe's largest economies as founding members of the AIIB was critical to the AIIB obtaining a triple-A credit rating from the world's leading rating agencies. This paper written by Wawa Wang and Korinna Horta provides an overview of the institution's close alignment with China and the concentration of decision-making power in its President.

China’s Firm Grip on the AIIB

Published: 19 October 2021
In the run-up to the annual meeting of the Asian Infrastructure Investment Bank (AIIB) on October 26–28, the Heinrich Böll Foundation presents an analysis of what transparency requirements the AIIB has met following the review of its Environmental and Social Framework for financing. China controls the Bank, but European countries such as Germany and France are shareholders. They have always justified their participation in the AIIB by wanting to enforce high environmental and social standards and more transparency.

Debt Relief for Green and Inclusive Recovery Project

Published: 1 October 2021
This paper reviews the main features of and experiences with the Brady Plan, which in 1989 laid the foundation for the restructuring of the sovereign debt of mainly Latin American countries. It argues that the combination of credit enhancement for restructured debt, moral suasion, and tax as well as regulatory relief to encourage private creditors to participate in debt restructurings may provide a template for addressing today's sovereign debt problems.

Debt for Climate Opportunities in South Africa

Published: 5 January 2021
South Africa’s economy, which was already in a precarious state before Covid-2019, has been tipped into full blown crisis by the pandemic. Gross national government debt  is expected to be upwards of 86% within two years. Eskom, which is the country’s state-owned monopolistic and vertically integrated electricity utility, is a key driver of this escalating debt profile and lies at the heart of the economy’s structural challenges. 

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