A Comparative Guide to the Asian Infrastructure Investment Bank

ISBN : 9780198821960

Natalie Lichtenstein
272 ページ
171 x 246 mm

- Describes the Asian Infrastructure Investment Bank's mandate, membership, finance, governance, and institutional set-up
- Provides a comprehensive analysis of the similarities and differences between the Asian Infrastructure Investment Bank and both the World Bank and other regional development banks
- As the former General Counsel of the Asian Infrastructure Investment Bank, Lichtenstein offers her unparalleled expertise
- In depth coverage of the operations of the Asian Infrastructure Investment Bank's financial operations over the last two years

The Asian Infrastructure Investment Bank, first opened in 2016, is a 100 billion dollar multilateral development bank purpose built for supporting regional projects that enhance economic productivity.

Its influence reaches far: in the last year alone, future transport system such as national motorways in Pakistan and railways in Oman, developing energy projects including natural gas pipelines in Azerbaijan and Hydropower plants in Tajikistan, and the redevelopment of impoverished areas such as parts of Indonesia, have all received support from the Asian Infrastructure Bank. Its membership is global, encompassing regional powers from Afghanistan to Viet Nam, to wider players, from Turkey to Austria.

In a text that will appeal to general readers and specialists alike, Natalie Lichtenstein examines the Bank's mandate, investment operations, finance, governance, and institutional set up, as well as providing detailed analyses of the similarities and differences it has with other development banks so as to chart its story so far, as well as to anticipate the future to come.


1 Beginnings; 2 Highlights; 3 Mandate; 4 Investment operations; 5 Membership; 6 Capital and finance; 7 Governance; 8 Transitions; 9 Institutional matters; 10 Reflections


Natalie Lichtenstein was the Inaugural General Counsel at the Asian Infrastructure Investment Bank (AIIB). As Chief Counsel for the 57-country negotiations that led to AIIB's founding as an international development bank, she was the principal legal adviser and drafter for its Charter. That work drew on her 30-year legal career at the World Bank, where she advised on lending operations in China and other countries for the first 20 years, and served in senior positions in institutional governance and reforms for her third decade. As a young lawyer at the US Treasury Department, she worked on development bank issues and normalization of US relations with China. She has taught Chinese law as an adjunct professor in the US since the 1980s, and consulted on Chinese legal development. She received an AB summa cum laude in East Asian Studies from Harvard University and a JD (East Asian Legal Studies) from Harvard Law School.