USEUROPEAFRICAASIA 中文雙語Fran?ais
    China
    Home / China / Top Stories

    AIIB to co-finance projects with World Bank and ADB

    By Zheng Yangpeng | China Daily | Updated: 2016-04-15 07:36

     AIIB to co-finance projects with World Bank and ADB

    Asian Infrastructure Investment Bank President Jin Liqun (left) and World Bank Group President Jim Yong Kim exchange documents during a signing ceremony for a framework agreement that outlines the co-financing parameters of AIIB-World Bank investment projects.Yin Bogu / Xinhua

    As a sign of its multilateral approach, the China-led Asian Infrastructure Investment Bank has said it will co-finance projects with the World Bank and the Asian Development Bank.

    The three banks will approve the first group of co-financed projects in June, AIIB President Jin Liqun said in Washington on Wednesday.

    The rationale is that the three can share the risk involved in infrastructure development, he said.

    "Infrastructure projects are very large. It's not a very good idea for a single bank to spend $2 billion or $3 billion on one project," Jin said, adding that there is vast room for cooperation among multilateral development banks.

    On Wednesday, Jin and World Bank Group President Jim Yong Kim signed a framework agreement that outlines the co-financing parameters of AIIB-World Bank investment projects. The agreement paves the way for the two institutions to jointly develop projects this year.

    The AIIB expects to approve about $1.2 billion in financing this year, with World Bank joint projects likely to account for a sizable share, the World Bank said.

    The World Bank said that it is discussing with the AIIB nearly a dozen co-financed projects in sectors including transportation, water and energy in Central, South and East Asia. Under the agreement, the World Bank will prepare and supervise the projects in accordance with its policies and procedures in such areas as procurement and the environment.

    In his speech at the Asia Society Policy Institute on Wednesday, Jin gave a broad interpretation of infrastructure, saying that the AIIB could provide financing for nonphysical infrastructure such as health and education in the future.

    In an earlier forum, Jin said there is "a huge funding gap" for infrastructure that all the multilateral development banks combined cannot fill. He said emerging MDBs don't seek to overtake the existing ones, but rather complement the existing system by improving the governance and effectiveness of institutions.

    "It is absurd to think that a new restaurant on a restaurant street will drive out existing ones," he said.

    zhengyangpeng@chinadaily.com.cn

    Editor's picks
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    99久久国产热无码精品免费| 中文在线最新版天堂8| 亚洲天堂中文字幕在线| 播放亚洲男人永久无码天堂| 日本高清不卡中文字幕免费| 中国少妇无码专区| 国产在线观看无码免费视频| 亚洲AV无码乱码在线观看裸奔 | 99久久国产热无码精品免费久久久久| 中文成人无码精品久久久不卡 | 婷婷色中文字幕综合在线| 日韩丰满少妇无码内射| 亚洲中文字幕无码久久精品1| 中文字幕二区三区| 在线欧美中文字幕农村电影| 无码人妻一区二区三区免费视频| 国产精品无码一区二区三级| 十八禁无码免费网站| 色综合AV综合无码综合网站| 亚洲国产精品成人精品无码区在线 | 亚洲人成影院在线无码观看| 国模GOGO无码人体啪啪| 日韩精品久久无码中文字幕| 人妻无码一区二区不卡无码av| 亚洲AV无码久久精品成人| 亚洲精品无码av人在线观看| 亚洲精品无码久久久久sm| 日韩精品无码人妻一区二区三区 | AV无码人妻中文字幕| 精品无码人妻一区二区三区| 13小箩利洗澡无码视频网站免费| 白嫩少妇激情无码| 中文字幕乱码人妻无码久久 | 日本在线中文字幕第一视频| 中文字幕一区在线观看视频| 亚洲AV中文无码乱人伦| 久久人妻无码中文字幕| 亚洲va无码va在线va天堂| 久久午夜伦鲁片免费无码| 成人无码区免费A∨直播| 无码免费又爽又高潮喷水的视频|