asian infrastructure investment bank (AIIB)
CHAIR: ZAKI THABET
Proposed by the government of China in 2013, AIIB focuses on the development of infrastructure and other productive sectors in Asia, including energy and power, transportation and telecommunications, rural infrastructure and agriculture development, water supply and sanitation, environmental protection, urban development and logistics, etc. The AIIB gained support from 37 regional and 20 non-regional Prospective Founding Members (PFM), all of which have signed the Articles of Agreement that form the legal basis for the bank. Major economics which didn’t join the AIIB include the United States as well as Japan and Canada. The initiative is in direct competition with the Asian Development Bank and the World Bank. Its Capital of $100 billion is equivalent to 2⁄3 of the capital of the Asian Development Bank and about half that of the World Bank.
Expanding Membership in the Bank
Investment in Renewable Energy Sources
topic a: investment in renewable energy sources
The Asian Infrastructure Investment Bank plays a key role in helping member states to develop an infrastructure of renewable energy. The Bank has financed clean energy projects across Asia and can become responsible for the creation of a system of sustainable energy infrastructures across the continent. The Governors of AIIB must decide how to prioritize the funding of clean energy projects and how to source funding for them.
topic b: expanding membership in the bank
While the Asian Infrastructure Investment Bank is a regional organization focusing on investing in the future of Asian infrastructure, it includes members from Europe and Africa, and prospective members from Europe, Africa and the Americas. The Bank must approve the accession of any new member states, deciding which countries may join and when they should join. The Bank can increase its impact by adding members, and can create a strategy to recruit and attract new members. Delegates must collaborate to decide if this is the strategy that AIIB should take and if so, how it would be implemented.