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New Asian Infrastructure Investment Bank starts building a green future
by Shouqing Zhu
World Resources Institute Translate This Article
1 July 2016
On 1 July 2016 World Resources Institute reported:
People watched closely when China launched the Asian Infrastructure Investment Bank (AIIB) last year. AIIB's president and senior executives reassured the audience at its first annual general meeting and seminars this week that green will be the hallmark of AIIB, and laid out three criteria for its projects: financially sustainable, environmentally benign, and socially acceptable. The four projects AIIB approved by the Board at this week's meetings claim to bear the green label: an electricity distribution system upgrade and expansion project in Bangladesh, a national motorway project in Pakistan, a slum upgrading project in Indonesia, and a road improvement project in Uzbekistan.
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