"I come across comments that somebody opposes the creation of this [AIIB] bank because he see it as an alternative to the World Bank and as new emerging financial system which can undermine the IMF. We do not even consider such an scenario," Shuvalov told reporters speaking at Boao Forum for Asia in the southern Chinese province of Hainan.
Earlier in the day, Shuvalov announced that Russia plans to join the AIIB.
The new regional bank has raised concerns in Washington as a potential competitor of Western-led financial institutions. On Tuesday, after United Kingdom, Italy, France and Germany announced their intention to join the AIIB, US Treasury Secretary Jacob Lew warned that IMF, the World Bank and other multilateral institutions may lose its credibility.
