World Bank Welcomes China's New Bank in Poverty Fight

April 8, 2015 5:40 AM

62 0

World Bank Welcomes China's New Bank in Poverty Fight

Washington: China's new development bank can have an important role in fighting extreme poverty if it establishes high standards for its projects, World Bank President Jim Yong Kim said today.

Vowing to work with an institution resisted by the United States, Dr Kim called the Beijing-led Asian Infrastructure Investment Bank (AIIB) "a major new player in development" that is a "potentially strong" ally in its own work to help development in the poorest countries.

Also read: Trump Meets With Petraeus as Secretary of State Fight Continues

Read more

To category page

Loading...