AIIB could be developed with more sustainability: Expert

Katharina Schneider (L), Deputy Executive Director of Global Infrastructure Basel, receives an exclusive interview with Xinhuanet in Beijing, capital of China, on June. 29, 2015. (Source: Xinhuanet)

BEIJING, June 29 – The Asian Infrastructure Investment Bank (AIIB) could be developed with more sustainability, said Katharina Schneider, Deputy Executive Director of Global Infrastructure Basel, in an exclusive interview on Monday with Xinhuanet at the World Credit Rating Forum.

This forum, sponsored by Universal Credit Rating Group and Xinhuanet and organized by Dagong Global Credit Rating Group, aims to promote the reforming of the international credit rating system.The infrastructure projects to be invested by AIIB have to prepare themselves with resilience for drastic progress, said Katharina, since some of the Asian countries are underdeveloped and frequently stricken by natural disasters.

Plans and criteria for the projects should also be made in a long run way before they really get started, she said, taking into consideration the factors and issues like job creation, renewable energy, transportation and climate change.

As a big investor and builder, China should have a broad vision of its plan that would help other Asian countries develop further, said Katharina.

It is also on the same day that the articles of the agreement of AIIB were signed in Beijing by representatives of the 57 prospective AIIB founding countries.

The China-proposed AIIB aims at the solving practical infrastructures building issue of the region while complementing current global financial institutions.