South Korea Agrees to Join the Asia Infrastructure Investment Bank
March 26, 2015
- The ROK decision to join is not surprising after the decisions by the British and other Europeans.
- Membership was probably decided internally on the argument that AIIB projects could generate construction projects conducive to South Korea’s economic interests.
- The ROK should condition its MOU signing and should coordinate with other like-minded countries, such as Australia and the Europeans, to negotiate the Bank’s articles of governance in a form that complies with best practices of international financial institutions, like the Asia Development Bank.
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