The Asian Infrastructure Investment Bank last week launched the initial stage of public consultations for its first energy strategy — a crucial piece of policy that will play a significant role in the Beijing-based institution’s pursuit of becoming a “green bank”.
“The rationale of elaborating an energy strategy is to direct the activities of the bank into those business areas, which are of significant importance for its performance as a green bank promoting sustainable infrastructure,” an AIIB spokesperson told Devex.
Top management officials at the world’s newest multilateral development institution have stressed that their institution will promote sustainability. President Jin Liqun has repeatedly said that AIIB will be a “lean, clean and green” institution focusing simultaneously on growth, development and the environment.
About the author
Lean Alfred Santos@DevexLeanAS
Lean Alfred Santos is a former Devex development reporter focusing on the development community in Asia-Pacific, including major players such as the Asian Development Bank and the Asian Infrastructure Investment Bank. He previously covered Philippine and international business and economic news, sports and politics.
