Commodities

Rayyan Hassan on the Asia Infrastructure Investment Bank

04 May 2015

By Salil Tripathi, Senior Advisor, Global Issues, IHRB

Rayyan Hassan is a Bangladeshi development expert based in the Philippines, who is the executive director of the NGO Forum at the Manila-based multilateral financial institution, Asian Development Bank. The NGO Forum comprises over 250 civil society organisations, grassroots organisations, and social movements across Asia. He has advocated civil society concerns to the ADB and its major shareholders, underscoring the importance of human rights, environment, use of natural resources, and political participation.

In this phone conversation with IHRB's Salil Tripathi, Hassan expressses his concerns over the new, China-led Asia Infrastructure Investment Bank (AIIB). Being set up to addressed the power imbalance at international financial institutions like the World Bank, the AIIB has received the support of most Asian countries and many European countries, although the United States has held out.

If the bank makes proper investments, it can lead to significant improvements in Asia's infrastructure, building much needed roads and ports. But there are concerns over safeguards for environment and human rights, and as Hassan points out in the conversation, it is important that the architecture of existing safeguards should not be undermined.

We apologise for the poor sound quality in portions of this podcast.

Download Filetype: MP3 - Size: 11.37MB - Duration: 12:25 m (128 kbps 44100 Hz)

Latest IHRB Publications

Women’s Health in Global Supply Chains - Re-Envisioning the Business Role

The Family Planning Summit in London this week is re-invigorating efforts to ensure that women and girls around the world are able to plan their families and their futures. A main focus is on strengthening public health services and on building...

Responsible Recruitment - Turning Principles into Practice

Today an estimated 21 million individuals still face conditions of what the United Nations refers to as ‘modern’ forms of slavery. Of that number, 14 million individuals are victims of labour exploitation specifically.

Such violations of...

Beyond a Simple Trading of Powers: An Alternative Future for the Global Mining Industry?

Observers of the mining industry, including those who are watching from the inside, have witnessed a growing demand for governments to safeguard people and the environment, and for business leaders to take greater responsibility in the prevention...