A long-overdue thread on @AIIB_Official which in many pundits mind remain as "Chinese Belt and Road geopolitical funding arm".
Sorry to break it to you: it is not
Out of 108 projects it founded by today, 4 are Chinese projects, 23 Indian, 8 Indonesian, 7 Turkish, 7 Pakistanian https://twitter.com/isaacstonefish/status/1247503310132858880
Here is a snapshot of the projected funded by @AIIB_Official https://www.aiib.org/en/projects/list/index.html where they have a comprehensive easy-to-search list. Everybody could take a look and judge by themselves what kind of projects they are.
The fact that India, Indonesia, Turkey and Pakistan eachget far more projects from @AIIB_Official than China speaks volumes. Oh, India gets many more than Pakistan, btw.
Georgia gets 2 projects, Russia gets 1.
I think that solves the Chinese geopolitical tool part.
Now to the Belt and Road part. Again, just look at its projects. Georgia: Batumi Bypass Road; Maldives: Greater Malé Waste-to-Energy Project; Singapore: Infrastructure Private Capital Mobilization Platform; India: Delhi-Meerut Regional Rapid Transit System...do they sound BRI?
Now look at its Leadership https://www.aiib.org/en/news-events/media-center/leadership/index.html
Yes its President is a respected (not only in China) former Chinese govt official. About 2/3 of its Leadership members don't carry a Chinese last name. They are from a diverse background of international professionals.
Prior to the founding of @AIIB_Official , there were a lot of English-language news reports and analysis predicting it to a sort of "Chinese Belt and Road geopolitical funding arm". But that's just not the case if you've been paying attention to the facts.
Unfortunately, that prediction, or, if I may, stereotype, just persisted in some minds. @AIIB_Official now has 102 members worldwide and has been investing in sustainable infrastructure and other productive sectors in Asia and beyond.
If there is any geopolitical lesson here, it may be that Beijing is capable of headquartering a multinational development bank that's professional, capable and in defiant of traditional cold-war/rivalry mentality/stereotype
that the U.S. stubborn rejection and its later failure to persuade its traditional allies (e.g. UK, Germany, Canada) from joining it is a loss for the much-touted U.S. leadership.
You can follow @ZichenWanghere.
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