World Bank: China bank 'potential ally' in poverty fight

April 7, 2015 3:44 PM

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The head of the World Bank says he'll do everything he can to work with a new Chinese-led Asian infrastructure bank opposed by Washington.

Jim Yong Kim said Tuesday the Asian Infrastructure Investment Bank is a potentially strong ally of the World Bank in combating poverty. But he also echoed U.S. concerns the new bank should adhere to high environmental, labor and procurement standards.

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