Unchanged landscape

More than two years after two Asian multilateral banks were set up for green financing, there's little change in the way such projects are financed

The two new ‘Asian’ multilateral banks — Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB) — have a specific focus on sustainability and green finance. Both are headquartered in China, committed to financing sustainable infrastructure projects, and lean in their operations — all things that make them stand apart from the other multilateral institutions. After more than two years in existence, during which they have steadily scaled up their activities, they are yet to alter the financing landscape in any fundamental way. 

Both the banks began operations in early 2016. AIIB rapidly added members, and countries in