10 Reflections
Chapter 10, Reflections, draws on the histories of AIIB’s predecessors to single out themes that may prove relevant for AIIB’s future development. Examples are taken from the stories of the World Bank, and the Inter-American Development Bank (IADB), the Asian Development Bank (AsDB), the African Development Bank (AfDB) and the European Bank for Reconstruction and Development (EBRD). Principal themes are: economic and financial environment; international relations and politics; funding; membership changes; major shareholders; clients and operations; leadership and governance; and attitudes toward change. While AIIB has been established in a world far different from the second half of the twentieth century that saw the birth of its predecessors, many of these aspects of the development of these multilateral development banks may prove similarly influential as AIIB’s future unfolds.