Asia’s needs for infrastructure finance rise to USD 2 trillion a year. Under the theme of “Mobilizing finance for infrastructure: innovation and collaboration” the AIIB’s President Jin Liqun called on all stakeholders to take responsibility and act. President Jin is shaping ‘his’ AIIB into a nimble and innovative multilateral development bank that is distinct from China and that reaches out to the whole world.
The AIIB pushes its core values: ‘lean, clean and green’.
India grabs a quarter of the AIIB’s initial lending portfolio to finance its bullish infrastructure plans.
Erik Famaey is Senior Associate at the European Institute for Asian Studies