AIIB: Criticisms & Challenges 🕸️

1. Tool of Chinese Foreign Policy? 🇨🇳

• Critics fear AIIB is just a wallet for China's Belt and Road Initiative (BRI).
• Concern: Projects might serve China's strategic interests, not the host country's.

2. Environmental Standards 🌳

• Western banks have strict environmental rules. Critics worry AIIB might fund "dirty" projects (Coal plants) just to build fast.
• Defense: AIIB says it follows high standards.

3. Debt Trap Diplomacy 💸

• Fear that AIIB might lend to countries that can't pay back, and then China will seize assets (like Sri Lanka's Hambantota port).
• Note: Hambantota was NOT an AIIB project, but the fear remains.

4. Absence of USA and Japan 🇺🇸🇯🇵

• The world's #1 and #3 economies are missing. This limits AIIB's global legitimacy.

Quiz Time! 🎯

💡 Final Wisdom: "AIIB is walking a tightrope. It must prove it is a 'Global Bank' and not just 'China's Bank' to win long-term trust." ⚖️

Next up: Trans-Pacific Partnership (TPP) - The deal that almost was! 🌊