No free AIIB pass for belt and road projects, bank executive says

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The China-led Asian Infrastructure Investment Bank will strictly scrutinise projects put to the lender even if they are part of Beijing’s ambitious “Belt and Road Initiative”, a senior bank executive said on Friday amid concerns about the bank’s loan book.

Joachim von Amsberg, AIIB vice-president of policy and strategy, said the bank would weigh market demands, environmental impacts and local regulations when picking projects to back.

“The biggest challenge is to build a good infrastructure banking business,” von Amsberg said on the sidelines of a conference organised by the American Chamber of Commerce in Hong Kong. “Our biggest challenge [is ensuring] our projects really serve the needs of the people, don’t cause damage, and are done cost-effectively or efficiently.”

Read more at SCMP