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China Daily / 2021-01 / 14 / Page013

AIIB to boost financing for green projects

By JIANG XUEQING | China Daily | Updated: 2021-01-14 00:00

Three types of infrastructure to be key areas for bank, says top official

The Asian Infrastructure Investment Bank will increase financing for social infrastructure, green infrastructure and technology-enabled infrastructure, which have been identified by the multilateral development bank as key trends driving infrastructure investment in the coming years.

COVID-19 has disrupted the global production chain and put many economies in jeopardy. Amid the crisis, governments of many countries are reconsidering their approach to growth and development. This could trigger the need for a balanced approach, or a development model, which would place adequate emphasis on social infrastructure, particularly healthcare, said AIIB President Jin Liqun on Wednesday before the bank's fifth anniversary later this week.

Greater and more strategic investments in healthcare are badly needed. The AIIB intends to gradually expand its capacity in social infrastructure to meet the demand, Jin said, adding that the bank should make an analysis of the need to see what is the best approach to make a proper balance between physical infrastructure and social infrastructure.

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