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Does the New Asia Infrastructure Development Bank Add Anything New?

Name: Does the New Asia Infrastructure Development Bank Add Anything New?
Start: 2017-03-29T15:00:00+00:00
End: 2017-03-29T16:30:00+00:00
Location: Room Ragnar 3rd floor Stockholm School of Economics

March 29, 2017 - 15:00-16:30

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Stockholm Seminar on Japan by Dr. Åsa Malmström Rognes, Research Fellow Department of Economic History, Uppsala University

When China proposed a new development bank in Asia devoted to infrastructure, there were numerous questions raised. These included whether there was really a need for another development bank, whether the new bank would have sufficiently high environmental and social safeguards and be as transparent as the existing ones. There was agreement that infrastructure is needed in Asia and that more funding is required. In Asia there is a history of infrastructure projects receiving much development assistance which has also influenced development policies and practice. The seminar will examine the role of Japan as a leading donor in this field, how the new bank essentially follows an established path in development assistance in Asia, and what this means for development assistance policy and practice.