BEIJING (Sputnik) — The bank president said that the financial institution took decisions on the basis of financial and economic considerations but not political ones.
"Our articles of the agreement clearly state that AIIB will not participate in any project in disputed areas. We are very attentive to the needs, requirements and interests of borrowing countries that are party to the bank," Jin said.
AIIB, with 57 founding member countries and $100 in initial capital, is seen as a rival to Western-dominated institutions such as the World Bank and the International Monetary Fund.
The bank formally launched operations on January 16.
