Expert: AIIB agreement meets international high standards

57 prospective founding countries of China-proposed Asian Infrastructure Investment Bank (AIIB) have signed a charter that paves the way for the bank’s operation later this year.

A U.S. expert says that the agreement meets international high standards.

SOUNDBITE (ENGLISH): DAVID DOLLAR, Senior Fellow of Brookings Institution
“The Articles of Agreement (of the AIIB) is very similar to the Articles of Agreement for the World Bank, so I think it’s quite impressive China pulled together this initiative and got nearly 60 countries to sign up, and put together these articles of agreement which were very professional and meeting international standards.”

As the bank goes from theory to reality, the expert says the real test is going to be the implementation.

He cites the World Bank as an example, saying that the implementation process is very slow, and clients complain about this.

SOUNDBITE (ENGLISH): DAVID DOLLAR, Senior Fellow of Brookings Institution
“So I know the challenge for Mr. Jin Liqun is… can this bank be more efficient, can it operate quickly and still meet high environmental standards?”

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