The China-led Asian Infrastructure Investment Bank (AIIB) is a new multilateral financial institution founded to bring countries together to address the daunting infrastructure needs across Asia. Through its investments, the AIIB strives to promote interconnectivity and economic development in the region through the development of infrastructure and other productive sectors.
Kishore Mahbubani, Dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore (NUS), who spoke at Asia House in 2016, called the decision of the UK to join AIIB epochal. Professor Mahbubani has said it can be seen as a reaction to the American decline and the arrival of the Asian century.
The creation of the AIIB indeed reflects the greater importance of emerging markets and particularly of China.
Dr. Joachim von Amsberg, AIIB’s Vice President, Policy and Strategy, will make a public speech at Asia House on the new multilateral order and the role of the AIIB. This is a opportunity to hear unique insights from a new, globally significant institution which is at the centre of a major shift in the global political economy – the move away from the long-standing US-led Bretton Woods system.
His primary responsibilities at AIIB are to develop and monitor implementation of the Bank’s strategic agenda and translate this agenda into the Bank’s lending programme and budget; to develop the policies and procedures for the Bank’s operational investment portfolio; to support implementation of the Bank’s operational policies, including environment and social, procurement and financial management; and to oversee compliance with all of the Bank’s operational policies.
Before joining the AIIB, he worked with the World Bank for 25 years in charge of development finance, operations policy, country services and the Bank’s modernisation and reform agenda. He was also the Country Director for Indonesia and the Philippines.
Attendance at this event is by invitation only. To register your interest in attending, please contact Conor Paterson, Business & Policy Team at firstname.lastname@example.org or call 0207 307 5439.