Fifty-seven countries, including two from Africa, are among the founding members of China’s new development bank, the Asian Infrastructure Investment Bank (AIIB). While the new bank’s primary objective will be to develop infrastructure projects in Asia, as its name suggests, there is widespread anticipation (mixed with some hope) that the bank will expand its scope of work to eventually include Africa and beyond. Tsinghua University Associate Professor and Resident Scholar at the Carnegie–Tsinghua Center for Global Policy Dr. Tang Xiaoyang joins Eric and Cobus this week to discuss the new AIIB and what implications it could have on development finance in Africa.
Recommendations
- “Africa Bank Chief Wants to Work with China-Led AIIB,” Anna Yukhananov, Reuters, April 14, 2015
- “AIIB to Accelerate Investment Trends in Africa,” Xinhua, March 26, 2015