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World Bank Joins AIIB on Financing for Joint Projects
2016-04-14 09:13:48 source:Xinhua News Agency
April 14, 2016
"World Bank and the Asian Infrastructure Investment Bank (AIIB) on Wednesday signed the first co-financing framework agreement, paving the way for their cooperation on joint projects this year.
The agreement outlines the co-financing parameters of the World Bank and AIIB investment projects, said the World Bank in a statement.
In 2016, the AIIB expects to approve about 1.2 billion U.S. dollars in financing, with the World Bank joint projects anticipated to account for a sizable share, said the World Bank. But it did not give details of its share in the co-financed projects."
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http://news.xinhuanet.com/english/2016-04/14/c_135276043.htm