AIIB will introduce anti-graft safeguards

Bank's chief vows 'zero tolerance' to prevent corruption at new institution

The Asian Infrastructure Investment Bank will set up an ethics integrity department and encourage employees to reports by stamp out corruption, said Jin Liqun, president-designate of the institution.

The bank will launch its first projects in the second quarter of next year, Jin said, adding that projects will focus on electricity, transportation and water supply, as these are in high demand.