Jun
15
China Builds Its Global Role, One Infrastructure Loan at a Time
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AIIB marks second annual meeting with $2.5 billion in loanbook
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$100 billion lender now has 77 members — still without U.S.
The China-led Asian Infrastructure Investment Bank is a mere startup among development lenders — but already has a global footprint.
Kicking off its second annual conference in the Korean resort island of Jeju on Friday, the bank can now boast a loan book of $2.5 billion, capped by new projects in India, Georgia and Tajikistan announced on Thursday.
Now as 77 members back investments from a gas pipeline in Azerbaijan to a power plant in India, the institution can with some justification claim to be taking its place among established bodies like the Japan-led Asian Development Bank and the Washington-based World Bank…
China Builds Its Global Role, One Infrastructure Loan at a Time
