https://sputnikglobe.com/20160122/aiib-disputed-areas-1033582472.html
AIIB to Abstain From Involvement in Projects in Disputed Areas - President
AIIB to Abstain From Involvement in Projects in Disputed Areas - President
Sputnik International
The China-led Asian Infrastructure Investment Bank (AIIB) will not be involved in any projects in disputed areas, the bank's head, Jin Liqun, said Friday. 22.01.2016, Sputnik International
2016-01-22T21:10+0000
2016-01-22T21:10+0000
2016-01-22T21:10+0000
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business, newsfeed, asian infrastructure investment bank (aiib)
business, newsfeed, asian infrastructure investment bank (aiib)
AIIB to Abstain From Involvement in Projects in Disputed Areas - President
The China-led Asian Infrastructure Investment Bank (AIIB) will not be involved in any projects in disputed areas, the bank's head, Jin Liqun, said Friday.
BEIJING (Sputnik) — The bank president said that the financial institution took decisions on the basis of financial and economic considerations but not political ones.
"Our articles of the agreement clearly state that AIIB will not participate in any project in disputed areas. We are very attentive to the needs, requirements and interests of borrowing countries that are party to the bank," Jin said.
21 January 2016, 12:53 GMT
AIIB, with 57 founding member countries and $100 in initial capital, is seen as a rival to Western-dominated institutions such as the World Bank and the International Monetary Fund.
The bank formally launched operations on January 16.
