President Nakao on the Inauguration of the Asian Infrastructure Investment Bank (AIIB) | Asian Development Bank

President Nakao on the Inauguration of the Asian Infrastructure Investment Bank (AIIB)

Video | 16 January 2016

The AIIB was formally inaugurated on 16 January 2016 at a ceremony in Beijing, People's Republic of China. President Takehiko Nakao has pledged to work with the new multilateral development bank to promote growth in the region.

Transcript

Title: President Nakao on the Inauguration of the Asian Infrastructure Investment Bank (AIIB)

Description: The AIIB was formally inaugurated on 16 January 2016 at a ceremony in Beijing, People's Republic of China. President Takehiko Nakao has pledged to work with the new multilateral development bank to promote growth in the region.

Takehiko Nakao
President
Asian Development Ban
k

On this historic day, I'd like to congratulate President Liqun Jin, members of the Board and all AIIB staff.

Mr. Jin and I have met on a number of occasions and had candid discussions.

We agreed to work together to meet the large need of financing infrastructure in the Asian and Pacific region, which is crucial for sustainable development and poverty reduction.

AIIB and ADB are already cooperating in sharing ADB’s experiences of safeguard policies for social and environmental impacts and others.

We have already started identifying co-financing projects.

I am committed myself to close co-operation with AIIB, drawing on ADB’s long-term experiences and expertise in serving the region.