Commentaries on potential human rights & environmental impacts by China-led Asian Infrastructure Investment Bank (AIIB)
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Author: 刘珞焱, 路透社
China-led Asian Infrastructure Investment Bank (AIIB) interim chief says the bank will be "lean, clean & green"
Author: Michael Martina, Reuters
"China-led AIIB will be lean, clean and green - official", 11th April 2015
The China-led Asian Infrastructure Investment Bank (AIIB) will be lean, clean and green, its interim chief said..."Lean is cost effective; clean, this bank will have zero- tolerance on corruption; green means it's going to promote the economy," China's Xinhua news agency quoted Jin Liqun, secretary general of the bank's multilateral interim secretariat...More than 40 countries have applied to join the AIIB, with the United States and Japan being notable absentees...Washington has questioned whether the AIIB will have sufficient standards of governance and environmental and social safeguards.
Author: Jake Flanagin, Quartz
...China announced the establishment of the AIIB in Oct. 2013. A year later, 21 countries—including key US allies like India and the Philippines—signed on...According to The New York Times, “...the new bank would fail to meet environmental standards, procurement requirements and other safeguards adopted by the World Bank and the Asian Development Bank, including protections intended to prevent the forced removal of vulnerable populations from their lands.”...World Bank is hardly the world’s foremost champion for human rights in the developing world...although the World Bank has safe-guards in place to protect the vulnerable populations...they appear to be more regularly neglected than enforced...Amnesty International publicly condemned a World Bank-funded project in Lagos, Nigeria...A 59-page report compiled by Human Rights Watch highlights similar trends at the World Bank...
Author: Jane Perlez, New York Times
…China has been pitching an idea to its neighbors in Asia: a big, internationally funded bank that would offer quick financing for badly needed transportation, telecommunications and energy projects in underdeveloped countries across the region…But the United States…especially on issues such as climate change and arms proliferation, has not embraced the Chinese proposal…Beijing has asked dozens of nations to contribute funds to…Asian Infrastructure Investment Bank…
A senior Obama administration official said the Treasury Department had concluded that the new bank would fail to meet environmental standards, procurement requirements and other safeguards adopted by the World Bank and the Asian Development Bank, including protections intended to prevent the forced removal of vulnerable populations from their lands…
Clay Lowery, a senior United States Treasury official from 2005 to 2009, said the Obama administration’s objections are not entirely well founded. The Chinese plan, he argued, “could be a positive development — potentially a great way to get Asian countries to work together on significant financial needs in the region.”
Last year, the United States said it would oppose financing of coal-fired power plants by the Asian Development Bank because of concerns about global warming. And early this year, Washington said it would not support construction of dams by the bank if they displaced people from their homes.
“Energy is one of the biggest needs of economic growth in Asia, and China will be able to promise projects without these hindrances,” said a senior A.D.B. official…