AIIB WATCH

Some European countries like Germany made it mandatory for their shareholding to strive for the highest standards in this bank, at least matching with World Bank standards. Fulfilling World Bank standards can also mean watering down the former. "Lean, clean and green" is the tagline given by the AIIB to its Environmental and Social Framework (ESF). By involving former employees of the World Bank in the development of the ESF, the AIIB wanted to prove that its rules stand up to comparison with international standards... In the words of AIIB President Jin Liqun at the 2020 Annual Meeting: "We strive to build a world that is financially, socially, environmentally and economically sustainable."... The AIIB's business model is to invest in large infrastructure measures. These measures are associated with serious environmental and social risks. They include natural gas power plants and facilities that will determine greenhouse gas emissions for decades, large dams, and mining projects.