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Building on the AIIB's quick start

New regional lender could play critical role in China's Belt and Road plan

| China
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Flags of Asian Infrastructure Investment Bank, right, and member states set for the first annual meeting in Beijing in June 2016.   © Reuters

As members of the Asian Infrastructure Investment Bank hold their second annual meeting on the South Korean island of Jeju, they can take comfort that the new lender is in good shape both substantively and reputationally. It has received plaudits for its management team and corporate governance, its commitment to enforcing high standards and its openness to new members.

Rather than competing aggressively with existing multilateral institutions, the AIIB has seen the wisdom of partnering and of complementarity. Cooperation agreements with the World Bank and the Asian Development Bank have cemented this.

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