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Thursday, Dec 03, 2020

China-backed Asian Infrastructure Investment Bank won’t create ‘debt trap’ for borrowers, chief says

China-backed Asian Infrastructure Investment Bank won’t create ‘debt trap’ for borrowers, chief says

President Jin Liqun says the bank’s lending will help to cut the debt burden of borrowing countries, with membership having grown to 102 in four years. He also pledges transparency in bank operations and special efforts to address climate change by boosting green lending to support ‘low carbon’ development
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