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Historia

9 Feb 2016

AIIB formally established, civil society still concerned safeguards lack binding requirements for assessments

"The China-led Asian Infrastructure Investment Bank (AIIB) formally came into existence on January 16…But many environmental groups are concerned that the bank’s draft Environmental and Social Framework document… lacks detail and firm commitments to sustainable lending. They call for rules on lending to be made more explicit and for improved consultation with local people."