The head of the Asian Development Bank (ADB) expressed enthusiasm to cooperate with the China-led Asian Infrastructure Investment Bank (AIIB), which is scheduled to be established by the end of this year, during a recent interview with the Mainichi Shimbun.
“We would like to offer our experience and know-how (to the AIIB) that we have built in the last 50 years since the birth of the ADB in 1966,” ADB President Takehiko Nakao told the Mainichi Shimbun in an interview.
Nakao also said he is eager to speed up structural reforms within his organization, such as reviewing bidding standards, to make sure that cutting-edge technologies will be more highly evaluated than ever. Nakao said such reform would help improve the quality of development projects that the ADB finances and raise the number of model projects for developing countries.
In addition to helping the AIIB find projects to finance, Nakao said the ADB was willing to provide the ADB’s know-how to the China-backed organization for making loans to eco-friendly projects that also ensure human rights.
“There are possibilities for former ADB officials and current employees to work at the AIIB, which will help share ADB’s policies with the AIIB,” Nakao added, suggesting ADB-AIIB cooperation through human resources.
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