March 30, 2017

"The emergence of the Asian Infrastructure Investment Bank has had two major global implications. The first is in terms of additional availability of finance for regional infrastructure development. Traditional financial institutions such as the International Monetary Fund, World Bank, Asian Development Bank and the African Development Bank have been funding multiple development projects in many countries.

The AIIB complements the existing avenues of multilateral project finance by creating a corpus of funds specifically for infrastructure development. Infrastructure is the most important economic need of most countries, particularly those in Asia. The significance of the AIIB for Asia in this respect is easily understood."

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http://www.chinadaily.com.cn/opinion/2017-03/30/content_28731938.htm