Xinhua, Beijing :
The Asian Infrastructure Investment Bank (AIIB) has announced it will invest 150 million U.S. dollars in the International Finance Corporation (IFC)’s Emerging Asia Fund to address the infrastructure gap in Asia.
The bank will become one of the fund’s biggest investors, according to a statement.
The IFC, a member of the World Bank Group, offers investment and advisory services to help private sector growth and poverty reduction in developing countries.
“To mobilize sufficient funds to address the huge infrastructure needs across Asia, multilateral development institutions must collaborate with each other and a range of other partners,” said D.J. Pandian, Vice President and Chief Investment Officer of the AIIB.
The Asian Infrastructure Investment Bank (AIIB) has announced it will invest 150 million U.S. dollars in the International Finance Corporation (IFC)’s Emerging Asia Fund to address the infrastructure gap in Asia.
The bank will become one of the fund’s biggest investors, according to a statement.
The IFC, a member of the World Bank Group, offers investment and advisory services to help private sector growth and poverty reduction in developing countries.
“To mobilize sufficient funds to address the huge infrastructure needs across Asia, multilateral development institutions must collaborate with each other and a range of other partners,” said D.J. Pandian, Vice President and Chief Investment Officer of the AIIB.
