China’s BRI Bank Lacks Transparency
The Beijing-based Asian Infrastructure Investment Bank (AIIB) opened for business in 2016 and rapidly established itself as a major multilateral development institution. It now aims to become the world’s leading financier of large-scale infrastructure by 2021. But the bank first needs to raise its game regarding timely public disclosure of its projects’ environmental and social risks.The AIIB currently has 82 member states, with a further 21 countries expected to join soon.