Inclusive AIIB can make a difference
By Lou Jiwei | China Daily | Updated: 2015-06-25 07:48
The new multilateral development bank will adopt high standards to operate in a transparent and clean manner
The Asian Infrastructure Investment Bank (AIIB) is an initiative announced by the Chinese leadership in October 2013. Since then, the initiative has been enthusiastically received by many countries in Asia and beyond and substantial progress has been achieved. The signing of the Articles of Agreement, an important milestone for the AIIB, is set to take place in Beijing, China in end of June. This will pave the way for officially inaugurating the bank by the end of 2015, so that it can commence operation soon afterward.
I. The AIIB aims to deliver win-win outcomes
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