Britain to contribute US$50m to support AIIB projects
THE British government has signed an agreement with the Asian Infrastructure Investment Bank to contribute US$50 million to the bank’s project preparation special fund.
The agreement was signed by AIIB President Jin Liqun and British Chancellor of the Exchequer Philip Hammond.
Established in June 2016, the AIIB’s fund provides grant support primarily to low-income developing member countries to prepare high-quality projects.
“These additional resources will help our low-income member countries to prepare projects that will meet the AIIB’s standards. This will result in more projects that are financially viable, environmentally sustainable and welcomed by local communities,” Jin said.
China and South Korea have committed US$50 million and US$8 million, respectively, to the fund, which the AIIB says is open for more contributions.
Starting operation two years ago, the Beijing-based AIIB is a multilateral lender founded to help improve Asia’s infrastructure, which lags behind many parts of the world.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.