The
Asian Infrastructure Investment Bank established by China has brought hot
discussion to international institute presidents and authorities oversea.
Since
12th March, Britain, German, France, Italy, Luxembourg, Switzerland has
applied to join AIIB. The Ministry of Finance said that 27 countries have
confirmed intention to become founding members of AIIB until now and the number
will reach to 33 once the new application of 6 European countries is accepted.
Dose
AIIB wants to compete with the other existing organizations? What will it do to
the multilateral international institutes? The minister of finance Jiwei Lou reaffirmed
that the bank is intended to cooperate with the current multilateral international
institute, instead of competing.
This
point of view gained agreement from the biggest three international
organization presidents in the meeting--- president Lagarde of IMF, Executive
vice president Sri Mulyani Indrawati of world bank, president Takehiko Nakao of The Asian Development Bank. They agreed that the existing
global and regional organizations can cooperate with AIIB.
Lagarde
considered china has sufficient reason to establish the organization and IMF
will be delighted to cooperate with AIIB. She added that there is
"massive" room for co-operation with AIIB on infrastructure
financing.
Sri
Mulyani Indrawati also welcomed AIIB. She considered any new initiative shortens
the financing gap of the global infrastructure is welcomed and the global infrastructure market is large
enough to have several organizations.
She
said that the world bank will open its door to cooperate with AIIB. Moreover,
the world bank has started the work on help building the standard and structure
of AIIB with China so as to make sure a continuous way to develop infrastructure.
Takehiko
Nakao considered that AIIB can meet the need of infrastructure and it can
protect the environment by using the best actions. He also said that ADB and
AIIB can contribute to the Asian development by cooperation and the ADB is now
propelling reform in order to improve the financing ability.
Kcomdata, a platform provides Chinese private company intelligence comment that the reason why china established AIIB is not about political purpose. The Asian infrastructure lags behind because of fund shortage and the existing international organization can’t meet all the needs. AIIB can bring large amount of funds with strong support from developed countries.
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