AIIB chief vows more CO-OP on green development

Added On June 19, 2017

The president of the China-initiated Asian Infrastructure Investment Bank, or AIIB, vowed Saturday to expand the bank's cooperation with every country to achieve green development -- one of its main goals. 
At a press conference in South Korea's Jeju on the sidelines of the bank's annual meeting, AIIB President Jin Liqun says sustainable infrastructure cannot be achieved single-handedly. 
He says the AIIB will cooperate with its 80 members as well as the rest of the world. 
SOUNDBITE (English): JIN LIQUN, AIIB president
"Regardless of the membership, we are very much willing to work with any country in this world."
Jin says that all AIIB projects, whether already underway or in the pipeline, are of green development. 
He says the bank will make efforts to achieve a zero-carbon world in cooperation with all stakeholders and other institutions such as non-governmental organizations. 
SOUNDBITE (English): JIN LIQUN, AIIB president
"We focus on sustainable infrastructure, which is the key to green growth in Asia."
The AIIB, officially launched in January 2016, is a multilateral development bank and supported by a number of countries and regions, which provides financing for infrastructure improvement in Asia. 
Since its launch, the AIIB has approved 2.49 billion U.S. dollars to finance 16 infrastructure projects in nine countries. 
The second annual meeting of the AIIB's board of governors is taking place in South Korea's southern resort island of Jeju on Friday and Saturday. 
The first such meeting was held in Beijing last year and the third is planned for India in 2018.