The Asian Infrastructure Investment Bank – origin and objectives Cover Image

Azjatycki Bank Inwestycji Infrastrukturalnych – geneza i cele
The Asian Infrastructure Investment Bank – origin and objectives

Author(s): Maciej Kalwasiński
Subject(s): Financial Markets
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: China; Asian Infrastructure Investment Bank; AIIB; International Monetary Fund; World Bank

Summary/Abstract: The increasing role of China and developing countries in the global economy is not reflected in their role in the global economic governance. IMF and the World Bank Group, which are dominated by the Western countries, remain the pillars of the global economic order. Confronted with sluggish and insufficient reform of the crucial multilateral financial institutions, China initiates the creation of the alternative institutions − in part complementary, in part competitive with the existing ones. Asian Infrastructure Investment Bank is one such initiative. The purpose of this article is to present AIIB’s roots in particular the reasons which led China to create a new regional development bank and other countries’ motives to join the inititative as well as to discribe the AIIB’s structure and objectives. The analysis carried out in the article indicates a significant change in the structure of the international system, departing from the unipolar system, and the growing influence of China in the international arena.

  • Issue Year: 2017
  • Issue No: 13
  • Page Range: 23-39
  • Page Count: 17
  • Language: Polish