China’s Answer to the World Bank Pledges to Do More by Itself

The Asian Infrastructure Investment Bank pledged to embark on more projects as the sole lender, as it boosts its membership and manages an investment pipeline of up to $7 billion.

The fledgling development bank, now in its second year, has already taken on projects by itself and it will do more going forward, AIIB President Jin Liqun said on Saturday in Jeju, South Korea, following the institution’s second annual conference. Still, working together with other lenders is better particularly on large infrastructure deals, he said.

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