AIIB is very good combination of public and private sector
The AIIB will have authorized capital of $100 billion.
"Normally, infrastructure investment would have long gestation period, and there're also huge risks. So when we step in, it would provide a lot of comfort to the private sectors when they work with local governments in this region. We can also help with creating bankable projects for private sector to participate in."
While emphasizing that the AIIB would not limit to private sector within this region but across the world, Jin said the joining of private sector companies can also contribute as "they' re normally cost-effective, they look at the profitability, and have much less bureaucracy".
The AIIB, which has 57 prospective founding countries, will have authorized capital of $100 billion. Asian countries will contribute up to 75 percent of the total capital and be allocated a share of the quota based on their economic size. ■