Experts: AIIB a milestone in global economic governance system

The official launch of the Asian Infrastructure Investment Bank (AIIB) has put the new multilateral financial institution in the spotlight.

Experts said that the AIIB marks a milestone in the reform of the global economic governance system.

SOUNDBITE (ENGLISH) YUKON HUANG, Former World Bank official
“So the AIIB has a very good opportunity. It doesn’t begin with the predetermined set of rules and regulations. It can look around see what everyone is using. It can bring in voices and opinions, and then it can come up designing something which I think really is the best at this time

SOUNDBITE3 (ENGLISH) CHARLES ONUNAIJU, Nigerian economic analyst
“The AIIB, Asian Infrastructure Investment Bank is in my view a watershed in global finance. It is a new phase and the new international economic order. It is a watershed, it is historical, it is a bold step in the direction of breaking the monopoly of certain forces in respect of international finance.”

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