The multilateral bank’s institutional features help entice regional players — and advance Chinese interests in the region.
The Board of Governors of the Asian Infrastructure Investment Bank recently announced that its sixth Annual Meeting will be held in Dubai, the United Arab Emirates on October 27-28, 2021.
Incorporating the Middle Eastern Countries into AIIB’s Policymaking Process
The first of these frameworks is the incorporation of the Middle Eastern countries into the policymaking process of the AIIB. If we revisit Robert Cox’s conception on how institutions help a hegemon to co-opt lesser powers and to assimilate opposite interests, the AIIB in the Middle East represents such a move.
Focusing on Providing Loans to Less Developed Countries
Another institutional element of the AIIB that helps advance Chinese interests in the Middle East is the main objective of the bank, which is to provide loans for infrastructure projects to less developed countries.
This article was written by Muhammad Zulfikar Rakhmat
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