AIIB Proves Critics Wrong: VP Asserts Beijing-based Bank as Multilateral Model, Welcomes New Entrants and Private Capital

The Vice President of the AIIB, based in China, states that the bank's success has completely disproved its critics. The AIIB, with its 110 members and extensive experience, is a shining example of multilateralism, says the Vice President of the Beijing-based development bank.

Since its establishment over a decade ago, the Asian Infrastructure Investment Bank (AIIB), a multi-national development banking institution based in Beijing and representing 110 member countries, has successfully disproved all its doubters, according to a top official. He further stated that the bank would consistently welcome new members and private investments.

"When the AIIB was initially suggested, there were concerns about its potential to have subpar standards. Others questioned if it would attempt to destabilize the current global system. We've demonstrated that these assumptions were inaccurate," he stated.

Alexander collaborates closely with Jin Liqun, the president of the bank and previously a deputy finance minister in China, in crafting the general strategic plan and the governance approach of the institution. Prior to this, Alexander served as the Chief Secretary of the UK Treasury, which is a founding member of the bank, possessing a voting share of 2.88 per cent.

"The AIIB was initially suggested by China, yet what has emerged is a truly international organization where all members are attentive and involved, maintaining shared lofty standards," he stated.