AIIB sets up co-financing road project in Pakistan
By Zheng Yangpeng in Frankfurt, Germany | China Daily | Updated: 2016-05-03 08:12
The Asian Infrastructure Investment Bank has reported its first co-financing project in Pakistan, a choice that a financial chief said is not related to close ties between China and Pakistan.
The China-led multilateral development bank has identified a series of co-financing projects with the Asian Development Bank, according to a statement released by both banks on Monday.
The statement came after AIIB President Jin Liqun and ADB President Takehiko Nakao signed a memorandum of understanding in Frankfurt on the sidelines of the ADB's 49th annual board of governors meeting.
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