ADB says to identify future projects for co-financing with AIIB

[BEIJING] The Asian Development Bank (ADB) said on Monday it will identify future projects with co-financing potential with the Chinese-led international development bank, the Asian Infrastructure Investment Bank (AIIB).

Both banks "agreed to start the process to identify ADB's future projects that AIIB may be able to co-finance", the ADB said in a statement after a meeting between its president Takehiko Nakao and Jin Liqun, president-designate of AIIB.

Mr Nakao said in the statement the ADB will be happy to share with AIIB its experience and expertise in the region, including support for regional cooperation and integration, sustainable development and climate change.

REUTERS