The EU in the AIIB: taming China’s influence from within
With the recent approval of the membership request of Belgium, Cyprus, Greece, Hungary, Ireland and Romania, the Asian Infrastructure Investment Bank (AIIB) will soon count 20 EU countries among its members. But how could the EU make the most of this presence in the bank? Apart from direct business opportunities for its private sector, there are strategic, long-term considerations too. It will be imperative that the EU exploit the link between the AIIB and the Belt and Road Initiative and ensure that the bank’s functioning remains consistent with EU development standards through a carefully co-ordinated voice within the institution.
(Photo credit: World Bank Photo Collection, Flickr)