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Jin Says AIIB May Lend $2 Billion, Announce Projects in June

  • AIIB plans to raise $300 million to $500 million in bond sales
  • China-led development bank formally opened Sunday in Beijing
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AIIB’s Jin Says China Is Doing Fine

Asian Infrastructure Investment Bank President Jin Liqun said the new China-led institution is planning to lend at least $2 billion to different projects in 2016 and may announce the first batch of investments around June.

The AIIB will seek to raise $300 million to $500 million by selling bonds in April or May, Jin said in an interview Friday on the sidelines of the annual World Economic Forum in Davos, Switzerland.