AIIB to fund more projects as regional influence grows

Beijing

THE Asian Infrastructure Investment Bank (AIIB) pledged to embark on more projects as the sole lender, as it boosts its membership and manages an investment pipeline of up to US$7 billion.

The fledgling development bank, now in its second year, has already taken on projects by itself and it will do more, AIIB president Jin Liqun said on Saturday in Jeju, South Korea, following the institution's second annual conference.