The Asian Infrastructure Investment Bank (AIIB) - A Multilateral Bank where China sets the Rules

In 2014–16, a number of countries who pride themselves in their commitment to democracy and human rights  –  among them Germany  –  decided to join the Asia Infrastructure Investment Bank (AIIB). In Germany, the relevant decision by par-liament required the German government to press for high environmental, social, human rights and governance standards, to match at least those of the World Bank. Korinna Horta's analysis of the situation regarding the respective standards after three years of AIIB in operation is very sobering.