Yizhi
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- Jan 3, 2015
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Poland could be in. waiting for more details.
Poland seeks to join Asian Infrastructure Investment Bank| Reuters
(Reuters) - Poland plans to join the Asian Infrastructure Investment Bank (AIIB), Deputy Finance Minister Artur Radziwill said on Thursday.
"Poland sent to the secretary of the newly created Asian Infrastructure Investment Bank the so-called endorsement letter," Radziwill said in a statement.
The AIIB has been seen as a potential rival to the World Bank and Asian Development Bank. (Reporting by Pawel Sobczak; Writing by Agnieszka Barteczko; Editing by Pravin Char)
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ADB plans to co-finance projects with China's lenders: China Daily| Reuters
(Reuters) - The Asian Development Bank (ADB) plans to work with China's lenders to co-finance Asian projects outside China, ADB vice-president Stephen Groff was quoted on Friday as saying.
ADB has signed a memorandum of understanding with the China Development Bank (CDB) and Export-Import Bank of China to "look for opportunities outside China," the China Daily newspaper reported from its interview with Groff.
The ADB had not yet identified appropriate projects for co-investment, Groff noted.
The moves toward cooperation come amid the emergence of new institutions such as the China-led Asian Infrastructure Investment Bank, with initial capital of $50 billion.
The ADB has a capital base of S165 billion, while the China Development Bank's total assets stand at $1.6 trillion.
"It can be $1 from the ADB, $1 from the World Bank, $1 from the AIIB, and (we will) encourage multiple additional dollars from other sources," Groff told the newspaper.
"The ADB has a goal of eliminating poverty in the Asia-Pacific region. We aim to achieve this goal largely through infrastructure," he said.
Last month, ADB President Takehiko Nakao said that it could cooperate with the AIIB through co-financing if the ADB's standards for loans were met.
(Reporting by Brenda Goh; Editing by Eric Meijer)
Poland seeks to join Asian Infrastructure Investment Bank| Reuters
(Reuters) - Poland plans to join the Asian Infrastructure Investment Bank (AIIB), Deputy Finance Minister Artur Radziwill said on Thursday.
"Poland sent to the secretary of the newly created Asian Infrastructure Investment Bank the so-called endorsement letter," Radziwill said in a statement.
The AIIB has been seen as a potential rival to the World Bank and Asian Development Bank. (Reporting by Pawel Sobczak; Writing by Agnieszka Barteczko; Editing by Pravin Char)
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ADB plans to co-finance projects with China's lenders: China Daily| Reuters
(Reuters) - The Asian Development Bank (ADB) plans to work with China's lenders to co-finance Asian projects outside China, ADB vice-president Stephen Groff was quoted on Friday as saying.
ADB has signed a memorandum of understanding with the China Development Bank (CDB) and Export-Import Bank of China to "look for opportunities outside China," the China Daily newspaper reported from its interview with Groff.
The ADB had not yet identified appropriate projects for co-investment, Groff noted.
The moves toward cooperation come amid the emergence of new institutions such as the China-led Asian Infrastructure Investment Bank, with initial capital of $50 billion.
The ADB has a capital base of S165 billion, while the China Development Bank's total assets stand at $1.6 trillion.
"It can be $1 from the ADB, $1 from the World Bank, $1 from the AIIB, and (we will) encourage multiple additional dollars from other sources," Groff told the newspaper.
"The ADB has a goal of eliminating poverty in the Asia-Pacific region. We aim to achieve this goal largely through infrastructure," he said.
Last month, ADB President Takehiko Nakao said that it could cooperate with the AIIB through co-financing if the ADB's standards for loans were met.
(Reporting by Brenda Goh; Editing by Eric Meijer)