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| The Position, Clarification and Coordination of the Relationship between AIIB and Existing Multilateral Development Banks |
| Zhejiang University |
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Abstract Since its preparatory stage, Asian Infrastructure Investment Bank (AIIB) has triggered extensive discussions about its impact on the existing system of multilateral development banks (MDBs). The relationship between AIIB and the existing MDBs is “complementary rather than competitive”, while views arguing negative relationship between the two still exist. Concerns about the politicization of economic issues are ridiculous, however, it is necessary to pay due regards to concerns about competitiveness and to clarify that there is no vicious competition between AIIB and existing MDBs. The absence of economies like the US and Japan has limited impact on the establishment of benign relations, and AIIB can draw advanced experience of the existing system of MDBs to build a new mode of reciprocal development, complementing each other in terms of capital, experience and ability, information and knowledge, personnel and institutions as well as other aspects. In the process of eliminating vicious relationship, concerning limitations of international coordination, AIIB can take the initiative to build a “firewall” against vicious competition, and eliminate concerns from the outside about vicious competition by means of selfpromotion.
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