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Parliamentary questions
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16 April 2019
P-001855-19
Question for written answer P-001855-19
to the Commission
Rule 130
Liisa Jaakonsaari (S&D)

 Subject:  EU position on the Asian Infrastructure Investment Bank

The Asian Infrastructure Investment Bank (AIIB) is a Chinese-led development bank that has emerged as a major player in global finance since its launch in 2016. The AIIB has become an important tool for China in financing its Belt and Road Initiative, approving loans for this purpose.

Many European countries have also joined the AIIB. In total 18 EU Member States have joined, which has given the AIIB international credibility. The AIIB has adapted to western sensibilities by emphasising transparency and environmental and social standards.

The bank has promised to be ‘clean, lean and green’, and to follow these standards. However, many researchers and civil society groups have raised concerns that the bank does not follow through on its environmental and social commitments. Such concerns are compounded by the fact that the AIIB has not published a record of its delivery on these commitments.

1. Does the Commission see a need for internal coordination and a common EU strategy towards the AIIB? Are there any plans for developing such a common strategy? If not, why not?

2. Is the Commission following the AIIB developments closely?

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