The incoming head of the new China-led Asian Infrastructure Investment Bank has vowed to run a “clean, lean and green” institution operating to the highest international standards but with greater speed than its rivals.
Jin Liqun, the president-designate of the AIIB, said it would abide by the toughest environmental and social standards in its lending and model itself in many ways on existing multilateral development banks.
But in an interview with the Financial Times, Mr Jin, a high-ranking former Chinese official, said it would make decisions much faster than established lenders. The bank plans to unveil its first “batch” of projects in the second quarter of 2016.
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