Development banks can help achieve much needed infrastructure development in Asia, but experts from the World Resources Institute caution that development must not come at the expense of communities or the environment. Recent news that the United Kingdom and other Western European countries will join the China-led Asian Infrastructure Investment Bank (AIIB) has prompted a flurry of discussion about how the United States, which has been reserved about the new institution, should respond. The Chinese-led AIIB is a new international financial institution (IFI) that will finance infrastructure projects in Asia.

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