Financing development requires access to financial resources. The AIIB Yearbook of International Law Volume 4 explores the role of international organizations in the development of local capital markets, their legal status under public international law and selected domestic jurisdictions, as well as innovations in resource mobilization and organizational structures. The volume collects insights from distinguished professionals who shed new light on the question of how international development organizations can raise the funds they need to tackle global challenges like the climate crisis, digitalization, or sustainable development. Only by addressing these challenges will international development organizations be able to fully deliver on their development mandate.
Christopher Smith is Chief Counsel, Private Sector Investment & Treasury Operations, in the Legal Department of the AIIB.
Xuan Gao, Ph.D., is Chief Counsel, Institutional and Administrative, in the Legal Department of the AIIB.
Thomas Dollmaier is Legal Associate in the Legal Department of the AIIB, and formerly Ph.D. researcher in Public International Law and Law & Development at Humboldt University Berlin and visiting scholar at Columbia Law School.
Acknowledgments
List of Figures, Graphs and Tables
1âFunding International Development Organizations
ââChristopher Smith, Xuan Gao, and Thomas Dollmaier
Part 1 The Role of International Organizations in the Development of Local Capital Markets
2âDevelopment of Domestic Capital Markets TheebrdExperience
ââElena Sulima
3âThe Role of Development Finance Institutions in Developing and Deepening Local Capital Markets A Case Study of Masala Bonds and Maharaja Bonds Issued by the International Finance Corporation
ââPurva Chadha
4âInspiring Opening-Up, Innovation and Transparency International Organizations in the Development of Chinaâs Debt Capital Market
ââYixin (Christine) Chen
Part 2 The Legal Status of International Organizations
5âImmunity for Multilateral Development Banks in the United States Assessing Litigation Exposure Following the U.S. Supreme Courtâs Decision in Jam v. International Finance Corporation
ââChristopher P. Moore and Paul C. Kleist
6âRegulation of Offerings by International Financial Institutions under the U.S. Federal Securities Laws
ââPaul Dudek
7âInternational Financial Institutions and China The Legal Status of International Financial Institutions and the Asian Infrastructure Investment Bank under the Law of the Peopleâs Republic of China
ââMinny Siu and James Guan
Part 3 Innovations in Resource Mobilization
8âInternational Financial Institutions Paradigms of Organizational Structures, Funding Structures and Innovative Funding Modalities
ââGerd Droesse
9âThe Green Climate Fund A Unique Financing Vehicle among International Organizations
ââDouglas Leys and Rosanna Anderson
10âDevelopments in the Labelled Bond Concept More than Just Green
ââHeikki Cantell
11âSmart Infrastructure The New Sustainable Development Paradigm
ââArthur M. Mitchell
Part 4 Innovations in Structure and Development
12âThe Flood of the Private Sector Funding in Development and usaidâs Maneuvers to Ride the Wave
ââGayle Girod
13âMultilateral Development Banks as Agents of Private Contract
ââIlias Bantekas
Appendices
14â2020 aiib Law Lecture The Judicial Role of the International Court of Justice in the Development of International Law
ââH.E. Judge Xue Hanqin
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