Expanded power of AIIB President Jin Liqun up for scrutiny

News September 27, 2023 / By: Ann Danaiya Usher

The power of Asian Infrastructure Investment Bank President Jin Liqun, who can green light projects worth up to USD 300 million without consulting the board, is criticised by German parliamentarians and civil society organisations. They also point to weaknesses in the bank’s grievance mechanism, which has not investigated a single complaint. Norway wants an external review of both these aspects of AIIB’s governance.

AIIB Beijing HQ Feb 2023.jpg — Asian Infrastructure Investment Bank Headquarters in Beijing (Photo: AIIB)

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