Cooperation and contestation between the ADB and AIIB

The Asian Infrastructure Investment Bank (AIIB) has grown into a 100-member institution since its inception in 2016, with 45 projects operating across 18 member countries. The AIIB is the second largest multilateral development bank (MDB) by membership after the World Bank. As the AIIB’s membership continues to expand, many have questioned whether it will work to consolidate or contest existing multilateral financing norms, standards and practices. The AIIB’s relationship with its closest multilateral competitor and collaborator, the Asian Development Bank (ADB), is at the centre of such question