World Bank picks senior China official as chief admin officer
The appointment appears designed to boost cooperation with the China-led AIIB
Tokyo
THE World Bank has appointed senior Chinese finance ministry official Shaolin Yang to the newly-created post of chief administrative officer, in a move that appears designed to boost cooperation with the China-led Asian Infrastructure Investment Bank (AIIB).
This decision by the World Bank Group comes as China is about to launch the AIIB, its own multilateral development bank, a move seen as having been motivated by Beijing's resentment over its treatment in other multilateral development banks and in the International Monetary Fund (IMF).
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