[38 North] Could the New Asian Infrastructure Investment Bank Change the Dynamics of Economic Engagement with North Korea? 05/26/15
"Even if there were an absence of political obstructions, North Korea would not have easy entry to the bank. In fact, North Korea reportedly made informal enquiries about becoming a member, and came away discouraged because it could not provide key information on its economic and financial conditions."
"North Korea signaled potential openness to such multilateral engagement when it agreed to join the Asia Pacific Group (APG) on Money Laundering as an observer"
"A gradual, phased approach could begin by according North Korea an observer status within the AIIB. Such a step would allow North Korea to learn how the AIIB conducts normal business and why the bank adopts certain governance policies and operational procedures."
"A second track would address North Korea’s nuclear and missile programs through a new round of Six Party Talks, or with a successor framework for reducing the nation’s threats to the global nonproliferation regime and regional security."
"A careful international strategy could thus leverage the AIIB as a new tool for productive engagement with North Korea."
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