AIIB joins World Bank

摘要

The World Bank and Asian Development Bank (ADB) have signed agreements with China's recently established Asian Infrastructure Investment Bank (AIIB), to fund infrastructure development jointly in Asia. The projects include a highway in Pakistan, an expressway running from the capital of Tajikistan to its border with Uzbekistan, and a ring road in Kazakhstan's largest city, Almaty. The agreements signal an acceptance of AIIB into the global lending community, and could be a springboard to many more such deals, with both the World Bank and ADB keen to utilise AIIB's US$100 billion (€86.3 billion) in capital.