The Asian Infrastructure Investment Bank (AIIB)
1. The Asian Infrastructure Investment Bank (AIIB) 亞洲基礎設施投資銀行
2. multilateral development bank 多邊開發銀行
3. provide finance 提供資金
4. infrastructure project 基礎設施建設
5. regarded by…as a rival for… 對於…來說是…的對手
6. the International Monetary Fund (IMF)
7. the World Bank Group (WBG) 世界銀行集團
8. the Asian Development Bank (ADB) 亞洲開發銀行
9. …want greater input in global established institutions 想要在全球性的機構有更多的參與
10. be dominated by…interests 受制於…的利益
11. play a greater role 扮演更大的角色
12. economic development 經濟發展
13. economic and political clout 經濟和政治影響力
14. doubling the registered capital 加倍註冊資本
15. founding of the bank 銀行的成立
16. formally recognize 正式認定
17. Memorandum of Understanding (MOU) 備忘錄; 合作瞭解備忘錄
18. allegedly 據傳說
19. founding members 創始成員
20. express doubts about standards of governance of the AIIB 對AIIB管理標準質疑
21. environmental, labor and social safeguards 環境、勞工和社會保障
22. US Treasury Secretary 美國財政部秘書長
23. influence the development of the institution 影響到機構本身的發展
24. soon followed 很快地開始跟進
25. long-standing experience 長期經驗
26. letter of intent 意向書
26. interim secretariat 臨時秘書處
The Asian Infrastructure Investment Bank (AIIB) is an international financial institution proposed by the government of China. The purpose of the multilateral development bank (多邊開發銀行) is to provide finance (提供資金) to infrastructure projects (基礎設施建設) in the Asia region.
AIIB is regarded by some countries as a rival for the International Monetary Fund (IMF), the World Bank Group (WBG) and the Asian Development Bank (ADB).
The idea of the AIIB was first mentioned in October 2013.The Chinese government wants greater input in global established institutions (想要在全球性的機構有更多的參與) like the ADB, which it claims are dominated by (受制於) American, European and Japanese interests. China also wants to finance infrastructure projects such as the construction or roads, ports, and railways in Asia and to play a greater role (扮演更大的角色) in the economic development (經濟發展) of the region, increasing its growing economic and political clout (經濟和政治影響力).
In June 2014, China proposed doubling the registered capital (加倍註冊資本) of the AIIB to $100 billion and invited India to participate in the founding of the bank (銀行的成立). On October 24, 2014, a signing ceremony held in Beijing formally recognized (正式認定) the establishment of the bank. Twenty-one countries, including China, India, Thailand, Malaysia, Singapore, the Philippines, and Vietnam signed the Memorandum of Understanding (MOU). Pressure from the US allegedly (據傳說) kept Australia and South Korea from signing up as founding members (創始成員) despite the two countries expressing interests.
In early March 2015, the United Kingdom had agreed to lend money to the Asian Infrastructure Investment Bank, becoming the first major Western country to do so. The announcement was criticized by the United States, which expressed doubts about standards of governance of the AIIB (對AIIB管理標準質疑) in regard to whether its loans will carry adequate environmental, labor and social safeguards (環境、勞工和社會保障). However, the UK claimed that the subject had been discussed with the US Treasury Secretary (美國財政部長) for several months preceding the decision (在決定之前). The UK also stated that joining the bank as a founding member will allow Britain to influence the development of the institution (影響到機構本身的發展). Germany, France and Italy soon followed (很快地開始跟進) Britain’s decision to join the AIIB, with the Germany Finance Minister stating that Germany’s long-standing experience (長期經驗) with international financial institutions will help the bank gain a high international reputation. In late March, 2015, South Korea announced its plan to join the AIIB, citing its potential in benefiting South Korean companies win deals in infrastructural projects as well expanding South Korea’s influence in international banking as a founding member.
Taiwan applied to the bank before the Tuesday deadline. China has stated that it has received Taiwan’s letter of intent (意向書) to join, and has passed the application to the bank’s interim secretariat (臨時秘書處). Its state news agency, Xinhua, reported that China welcomes Taiwan’s decision to apply to join the Beijing-led investment bank as long as it uses an appropriate name.
As of April, 2015, almost all Asian countries and most major countries outside Asia had joined the AIIB, except the USA, Japan, and Canada.