Exclusive | Germany tipped for a top spot in the China-led Asian Infrastructure Investment Bank
India, South Korea, Indonesia and Britain expected to secure key roles at the institution but France and Russia unlikely to be in the running
Germany is likely to have one top position in the China-led Asian Infrastructure Investment Bank while a Briton will be the vice-president in charge of communications, sources told the South China Morning Post.
The fledging development bank opened for business last month and will have five vice-presidents working alongside its chief, China’s Jin Liqun. The other vice-presidents will be from Germany, India, South Korea and Indonesia, according to a list of proposed nominees.
Finance Minister Lou Jiwei was named chairman of the Board of Governors.
The balance in favour of emerging Asian countries is in contrast to other similar international institutions such as the Western-dominated World Bank and Asian Development Bank.
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The vice-president from Germany will be the bank’s chief operating officer, while the chief financial officer would be the vice-president from India, the bank’s second-biggest shareholder, sources said.
The position of chief administrative officer will be earmarked for Indonesia, which has the eighth-largest stake in the bank.