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Deference, Displacement, And Due Diligence In Aiib And World Bank Lending In India: The Amaravati Capital City And Mumbai Urban Transport Projects, Jason A. Kirk

Rosenberg Institute Scholars

The Asian Infrastructure Investment Bank (AIIB) has invested almost one-third of its entire pan-Asian portfolio in India, which has quietly become the Chinese-led bank’s top borrower despite rising China-India tensions. Over the first half-decade of the AIIB, most of its projects were co-financed with other multilaterals, led by the World Bank, and applied their environmental and social policies, accountability mechanisms, and grievance processes. This empirical research paper traces the development of two projects in India involving AIIB and the World Bank: the ill-fated Amaravati Capital City Project in Andhra Pradesh, a cancelled co-financed project, and the ongoing Mumbai Urban Transport …