The newly created Asian Infrastructure and Investment Bank (AIIB) officially opened at a ceremony in Beijing on January 16. In Asiaeditor Alma Freeman spoke with The Asia Foundation’s International Development Cooperation program director, Anthea Mulakala, to find out what makes the bank unique, implications for development approaches, and how the bank could address Asia’s infrastructure deficit.

What is the AIIB, and how is it different from other multilateral banks like the World Bank or the Asian Development Bank?

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