May 5, 2016

China-led development bank to visit Myanmar

The AIIB has not yet begun talks with the new government, but Jin Liqun intends to travel to Myanmar to start investigating initiatives for the bank to work on before the year is out, he said on the sidelines of the annual Asian Development Bank meeting in Frankfurt.

Mr Jin said the new development bank, which started operations earlier this year, would identify a batch of potential projects across its member states at its third board meeting in June, but had not yet considered how to balance operations across different countries, regions or sectors.

“We will process the projects that are ready and bankable, so countries that have those [types of] projects would be the best candidates,” he said. (Courtesy of Myanmar Times)

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