Jin Liqun, president of the Asian Infrastructure Investment Bank (left) and Jim Yong Kim, president of the World Bank, shakes hands on Wednesday after signing the first co-financing framework deal in Washington. Photo: Xinhua

AIIB and World Bank reach deal on joint projects, as China-led lender prepares to approve US$1.2 billion of funds this year

‘A sizeable share’ of the Beijing-led bank’s funds expected to go on joint projects organised with US-dominated World Bank after deal agreed in Washington

Topic |   Asian Infrastructure Investment Bank

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Jin Liqun, president of the Asian Infrastructure Investment Bank (left) and Jim Yong Kim, president of the World Bank, shakes hands on Wednesday after signing the first co-financing framework deal in Washington. Photo: Xinhua
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