China, Africa and the PRC's massive new development bank

57 countries including two from Africa are among the founding members of China's new development bank, the Asian Infrastructure Investment Bank. While the new bank's primary objective will be develop infrastructure projects in Asia, as its name suggests, there is widespread anticipation (mixed with some hope) the bank will expand its scope of work to eventually include Africa and beyond. Tsinghua University Associate Professor and Resident Scholar at the Carnegie–Tsinghua Center for Global Policy, Dr. Tang Xiaoyang, joins Eric a Cobus this week to discuss the new AIIB and what implications it could have on development finance in Africa.

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