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Jin Liqun: 'Vast Room for Cooperation' Between AIIB and World Bank

April 13th, 2016


In the video above, Asian Infrastructure Investment Bank President Jin Liqun participates in a conversation with Asia Society Policy Institute President Kevin Rudd on Wednesday, April 13, in Washington, D.C. (Jim Watson/AFP/Getty Images)

WASHINGTON, D.C. — Upon its establishment two years ago, the Asian Infrastructure Investment Bank (AIIB) raised concern that the Beijing-backed institution would work at cross-purposes with its more established counterpart, the World Bank. But in a conversation with Asia Society Policy Institute President Kevin Rudd on Wednesday, AIIB President Jin Liqun said that there was "vast room for cooperation." Accordingly, the two institutions announced that they had signed off on a framework to collaborate on infrastructure projects. From the AFP write up:

In its first year of operation, the AIIB expects to approve about $1.2 billion in financing, with a "sizable share" of that to be in joint projects with the World Bank, the two said.

Under consideration are around a dozen projects including water, transportation, and energy developments in East, Southeast and Central Asia.

In the wide-ranging conversation, Jin also discussed his affection for the Bretton Woods institutions, his rules on lending, and why he loves Shakespeare.

Related Links

  • A Conversation with AIIB President Jin Liqun (Complete Video)
policy
jin liqun
kevin rudd
asia society policy institute
asia society washington dc
asian infrastructure investment bank
world bank
bretton woods

About the Author

Profile picture for user Matt Schiavenza

Matt Schiavenza is the Assistant Director of Content at Asia Society and Senior Editor of Asia Society Magazine. His work has appeared at The Atlantic, The Daily Beast, The New Republic, The Wire China, and strategy + business among other publications.

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