A Comparative Guide to the Asian Infrastructure Investment Bank

The Asian Infrastructure Investment Bank (AIIB) opened in 2016, as a US$100 billion multilateral development bank (MDB) financing public and private infrastructure projects for Asia.AIIB's investments in its first ten years totalled more than US$60 billion.Among its 110 approved members are countries in Asia and Oceania, Europe, Africa, and the Americas.In addition to highlighting key innovations from AIIB's first ten years in operation, the second edition of A Comparative Guide to the Asian Infrastructure Investment Bank examines AIIB through the lens of its Charter, focusing on its mandate, investment operations, membership, finance, governance framework and decision-making, and institutional setup.Why these elements matter for MDBs is explained, followed by analysis of the AIIB Charter text, and comparison with its predecessors.The book begins with two chapters new to the second edition and largely new to the literature.The first delves into the legal origins of the 1945 World Bank