The statement was made by Jin Liqun, the Chairman of the AIIB, which was inaugurated on Saturday and concluded a series of activities on Monday to start up that initiative, which will be a landmark in the reform of the global economic governing system.
The functioning of the AIIB will provide total confidence to the stockholders of that institution, according to Jin.
He told a news conference on Sunday that as the leader of that corporation, he plans to combine the merits of different financial cooperative of multilateral development credits that exist today with those of competitive private companies.
“I am committed to running the bank according to the highest standards possible and according to the principles established in the articles of the agreement approved including transparency, opening, responsibility and independence,” he said.
In that regards, he noted that he will work to establish a clear division of responsibilities between the governing body and the management of the bank to guarantee the compliance, efficiency and integrity of the AIIB.
He added that he expects the bank to increase its membership by threefold.
On Sunday, 30 of the 57 founding members of the AIBB, who account for 74 percent of stocks, ratified the articles of the agreement and became full-fledged members of the institution.
Jin pointed out that the first loans must be approved this year, ranging from 500 million to 1.2 billion dollars, with priorities to energy, transportation, rural infrastructure, environmental protection and logistics.
“The bank has been working closely to the World Bank Group, the Asian Development Bank and the European Reconstruction and Development Bank to identify possible joint projects,” Jin explained.
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