AIIB chief says bank will be lean even as it scales up operations

Frankfurt

THE Beijing-based Asian Infrastructure Investment Bank (AIIB) is still having internal discussions on the optimum method of financing, but is certain that its operations will be kept lean.

Its president Jin Liqun, in an interview with Emerging Markets newspaper in Frankfurt on Wednesday, noted that as a normal practice, multilateral development banks would not spend all their capital on financing, and that the AIIB would "more or less follow this practice".

"We want to reduce the funding cost to the minimum possible, thereby reducing the burden on borrowing countries. Our bank's core p…