✉news BusinessFinance first seen 2 h ago, last 2 h ago, peak #31
China-led AIIB plans to double financing for Asia infrastructure
Original: China-led AIIB plans to double financing. Can it fill Asia’s infrastructure gap?
The Asian Infrastructure Investment Bank, the China-led multilateral lender, is planning to double its financing capacity as it seeks to expand support for roads, power and other projects across Asia. Observers are questioning whether the boost can meaningfully close the region's vast infrastructure funding gap, which runs into trillions of dollars and far exceeds current levels of multilateral development lending.
Why now: Fresh news of the bank's expansion plan has renewed debate over whether multilateral lenders can meet Asia's enormous infrastructure needs.
Asian Infrastructure Investment BankChinaAsiaSouth China Morning Post
Evidence
- China-led AIIB plans to double financing. Can it fill Asia’s infrastructure gap? · South China Morning Post
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