AIIB, World Bank planning closer project cooperation

Multilateral organizations to promote effective ways of member nations working together

The Asian Infrastructure Investment Bank and the World Bank are seeking more effective ways of cooperation and are considering several co-financing projects, according to a senior official.

Jin Liqun, secretary-general of the AIIB Multilateral Interim Secretariat, held discussions with World Bank President Jim Yong Kim on Thursday to discuss cooperation between the two institutions. The two sides agreed to explore opportunities for joint financing projects in the coming months.