MDBs' Accountability Mechanism: A Perspective of AIIB

Journal of World Trade, Vol. 51(3), Forthcoming

17 Pages Posted: 5 May 2017

See all articles by Bin Gu

Bin Gu

Beijing Foreign Studies University

Date Written: January 10, 2017

Abstract

Within the sphere of multilateral development banks’ (MDB) dispute settlement, the accountability system is one stellar important development. It is essentially MDBs’ legal efforts to address complaints made by people adversely affected by an MDB-funded project. Such complaints arise from concerns with environmental and social implications, including involuntary resettlement and human rights violations. Under this system, Bank investigators assess Bank staff’s compliance (or noncompliance) with Bank operational policies and procedures relating to project design, appraisal and/or implementation. The World Bank’s Inspection Panel is a leading example for establishing a credible accountability culture and mechanism. The Asian Infrastructure Investment Bank (AIIB) is the first MDB initiated by a group of Asian developing countries with China at the center. The AIIB’s committed high standards can only be possible with a fair and effective accountability mechanism.

Keywords: AIIB, Multilateral Development Banks, Accountability Mechanism, Inspection Panel, Compliance

JEL Classification: K33, Q01, F63

Suggested Citation

Gu, Bin, MDBs' Accountability Mechanism: A Perspective of AIIB (January 10, 2017). Journal of World Trade, Vol. 51(3), Forthcoming. Available at SSRN: https://ssrn.com/abstract=2962793

Bin Gu (Contact Author)

Beijing Foreign Studies University ( email )

No.19 North Xisanhuan Avenue, Haidian District
Beijing, Beijing 100089
China

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