The aim of this paper is to contribute to an informed dialogue on the most appropriate forms of development finance. In view of the critical debt situation of African countries in the wake of the Covid-19 crisis, and of the longer-term ambition to deliver on the Sustainable Development Goals and the Paris Agreement, this discussion is more vital than ever.
The Asian Infrastructure Investment Bank (AIIB) is a multilateral bank for infrastructure financing and plans to become the leading global institution for financing infrastructure projects. The study from autumn 2020 analyses why binding rules on transparency at the AIIB, especially with regard to its environmental and social standards, are very important.
Read also the related article, showingwhy the bank must intensify its efforts to inform the public in a timely manner about the environmental and social risks of its projects.