In an interview with The Diplomat, Joachim von Amsberg, Vice President of the Asian Infrastructure Investment Bank (AIIB), discussed how the AIIB plans to boost regional prosperity through infrastructure investments and improving cross-border connectivity. China’s experience of infrastructure-driven economic development provides important lessons for developing countries in Asia.
The private sector is crucial for infrastructure investment; integration in Asia has been mainly driven by trade and supply chains, but governments need to play an active role as well to ensure stronger policies, better regulation and rule of law.
Joachim von Amsberg will speak at Asia House on 1 June about the new multilateral order and the role of the AIIB.