17 February 2024
AIIB must give local communities a voice in development projects
In its eight years of operation, the Asian Infrastructure Investment Bank (AIIB) has grown to be the second-largest multilateral development bank in terms of membership and has invested more than US$50 billion in more than 250 projects. While some might laud the size and scale of the AIIB, it’s impossible to determine whether its investments have hit their mark.
This is because the AIIB has made it exceptionally hard for communities negatively affected by its financing to raise environmental and social concerns. This raises the question of whether the AIIB is afraid to hear about the true impact of its investments.
Read the full op-ed on the South China Morning Post here.