AIIB - AIIB NEG(Starter Pack Version Case Squo solves US policy goldilocks signals coordination with existing institutions while encouraging Chinese

AIIB - AIIB NEG(Starter Pack Version Case Squo solves US...

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AIIB NEG (Starter Pack Version)
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Case
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S’quo solves US policy goldilocks – signals coordination with existing institutions while encouraging Chinese best practices – AIIB failure is likely but the ball is in THEIR court. Dreyer, 15 (June Teufel Dreyer a Senior Fellow in FPRI’s Asia Program as well as a member of the Orbis Board of Editors, Professor of Political Science at the University of Miami, Coral Gables, Florida, “The Asian Infrastructure Investment Bank: Who Will Benefit?,” - benefit/ , CMR) Still, Beijing may have overreached itself . It has backed two other financial institutions, both to be headquartered in Beijing and predominantly financed by the PRC : a BRICS bank in spite of the problems in several of the BRICS’ economies, and a Shanghai Cooperation Bank, despite objections from Moscow .[15] And this at a time when the PRC’s economic growth rate is slowing, resulting in the postponement of structural reforms deemed necessary to enhance its future prospects . A first test will be at the end of April, when members will meet to discuss share distribution and select officials. Jin Liqun a well-regarded former PRC deputy finance minister and former ADB vice-president is expected to be named the AIIB’s governor. Several states, Indonesia most publicly, have lobbied to have one of their nationals as deputy governors and put forth various conditions. Satisfying their competing demands will require careful coordination and the utmost diplomacy. For now, Washington seems to be taking a wait and see attitude . Treasury Secretary Jacob Lew , in Beijing for consultations, said he welcomed the new bank and would encourage it to coordinate with existing financial institutions such as the World Bank . However, he also warned that poor lending and governance standards could harm rather than help global development .[16] Asian Development Bank officials have also pledged cooperation. The burden is now on Beijing to deliver on its ambitious plans and to live up to the promises it has made . Xi’s visit was a game-changer – US and China committed to truce over AIIB – solves relations. Donnan, 15 (Shawn, “White House declares truce with China over AIIB,” Sept 27, , CMR) US officials have declared what amounts to a truce in their campaign over China’s A sian i nfrastructure b ank, claiming they have secured commitments from Beijing to address Washington’s concerns as well as a “meaningfully increase” its financial contributions to the World Bank and other potential regional rivals to the new institution . The US has declined to join the Asian Infrastructure Investment Bank and been leading what many allies and others see as a failed campaign against it. Together with the New Development Bank being founded with other Brics economies, the AIIB represents perhaps the biggest challenge yet mounted to the Bretton Woods international financial architecture established in 1944.
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  • Winter '16
  • Jeff Hannan
  • International Monetary Fund, Asian Development Bank, Infrastructure Investment Bank, Asian Infrastructure Investment Bank

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