From article:
Aware of the reputational damage that could follow early missteps, the AIIB has vowed to start out co-financing existing World Bank and ADB projects while it builds staff and experience. The bank plans to lend some $1.5 billion this year.
“Their most important audience will be their 57 shareholders and how much the one big shareholder can convince the other 56 that it is truly multilateral,” said Scott Morris, a fellow at the Center for Global Development and a former Treasury undersecretary of development finance.
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