New Asian Infrastructure Investment Bank Starts Building a Green Future
July 05, 2016 at 10:08 AM EDT
People watched closely when China launched the Asian Infrastructure Investment Bank (AIIB) last year. The new multilateral development bank boasted an initial capital of $100 billion, a founding membership of 57 countries (with 24 more waiting to join end of this year), and a mandate to be “lean, clean and green.” After its first annual general meeting and seminars this week, it appears that the AIIB is starting to move in a positive direction.
