This article investigates the institutional collaboration between the Asian Infrastructure Investment Bank (AIIB) and the European Bank of Reconstruction and Development (EBRD) on the Dushanbe-Uzbekistan Border Road Improvement Project in Tajikistan. It argues that AIIB’s adoption of the EBRD’s environmental and social safeguard norms and project management norms facilitates the provision of infrastructure-related public goods in Tajikistan in three ways. First, the harmonization between the governance norms of these two banks facilitates their cofinancing which fills the financing gap of the project. Second, the policy coherence enables the two institutions to implement environmental and social safeguard norms that the Tajikistan government is unable to fully practice. Third, it paves the way for the transfer of project management experience from the EBRD to AIIB. Through this learning process, AIIB is able to provide additional infrastructure-related public goods in Tajikistan by acting as an independent provider of project monitoring services.

本文探讨了亚洲基础设施投资银行 ( AIIB ) 与欧洲复兴开发银行 ( EBRD ) 在塔吉克斯坦杜尚别-乌兹别克斯坦边境公路改善项目中的机构合作。它认为AIIB采用EBRD环境和社会保障规范和项目管理规范以三种方式促进了塔吉克斯坦基础设施相关公共产品的提供。首先，这两家银行治理规范的协调促进了它们的联合融资，从而填补了项目的融资缺口。其次，政策的一致性使这两个机构能够实施塔吉克斯坦政府无法完全实施的环境和社会保障规范。第三，为欧洲复兴开发银行的项目管理经验向亚投行转移铺平了道路。通过这一学习过程，亚投行能够作为项目监测服务的独立提供者，为塔吉克斯坦提供额外的基础设施相关公共产品。