AIIB President Jin Says Pandemic Impacts Bank’s Lending
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The coronavirus pandemic has led to a slowdown in developing physical infrastructure as countries’ economic health deteriorates, posing a challenge for the Asian Infrastructure Investment Bank, its president said.
“What worries me, what worries the bank is the deterioration of the economic situation of some of our members,” Jin Liqun said in an interview Saturday with Bloomberg Television on the sidelines of the Bund Summit in Shanghai. Economic setbacks for member countries could mean “increased impairment charges to our net income.”