When the Asian Infrastructure Investment Bank (AIIB) was first announced by China in 2013, a flurry of speculation erupted around which countries would join and how closely the new institution would follow the path trodden by traditional multilateral development banks such as the World Bank. Human rights advocates and environmentalists were particularly concerned that the gains they had made in accountability in development finance over the past decades would be shunned by the AIIB, generating a new race to the bottom in social and environmental standards.
Mark Grimsditch is the China Global Programme Director at Inclusive Development International. He closely follows trends in both private and state-backed Chinese investment in Southeast Asia and Africa. He has published extensively on the trends, impacts, and regulation of China’s overseas finance and investment, particularly with respect to land and natural resource rights and the environment. He has expertise on the social and environmental safeguards of various national and multilateral financial institutions and works with local partners to monitor and advocate for improved environmental and social practices in Chinese overseas projects.
Natalie Bugalski is a co-founder and the Legal and Policy Director of Inclusive Development International. Natalie is an international human rights lawyer with expertise on corporate and development finance accountability, as well as land tenure and resettlement policy. Natalie holds a Bachelor of Law and a PhD in law from Monash University, Australia.
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