综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Economy

AIIB to operate in 'transparent way'

By ZHENG YANGPENG (China Daily) Updated: 2015-04-16 07:00

AIIB to operate in 'transparent way'

New bank to take 'lean, clean, green' approach to lending

Financial transparency, corporate governance and high standards in top management skills will be the cornerstones of the Asian Infrastructure Investment Bank.

Already 57 countries have joined the AIIB with South Korea, the United Kingdom, Australia, France, Germany and Italy all signing up as founding members.

In keeping with such a large organization, Jin Liqun, chairman of the Multilateral Interim Secretariat of the AIIB, told a forum in Singapore on Saturday that the AIIB will adopt a "21st century management" structure.

This will involve a "core group of professionals" running the bank, where the top management will be appointed on ability and not political connections.

"The AIIB is a bank, not a political organization or political alliance," said Jin. "This will guarantee that it will operate in a transparent way."

Jin said that the AIIB will have strict parameters and will strive to be graft-free as well as transparent in all dealings and transactions. On several occasions he has stressed that the AIIB will have "zero tolerance toward corruption". The motto of the bank set by him is "lean, clean and green".

Jin also assured his Singaporean audience that China will not dominate the key roles inside the AIIB. "Leadership is not a privilege," he said. "It's an obligation."

Jin's team has been in contact with some leading experts. They include Natalie Lichtenstein, who has retired from the World Bank after 30 years as a senior lawyer.

Shaukat Aziz, former prime minister of Pakistan, said that precisely because the AIIB is starting from "ground zero", it could avoid being "a hostage to history" and copying the mistakes made by established institutions.

When asked about whether the AIIB will adhere to the "best practices" of the World Bank and the Asian Development Bank, Shi Guangyao, vice-minister of finance, said: "There is no 'best practice' but 'better practices'. China will work with other parties to build the AIIB into a professional, efficient infrastructure investment platform."

For example, the bank will likely have a nonresident board of directors, versus the resident board of directors commonly adopted by the World Bank and the ADB.

The board of directors will be in the second layer of the governing structure. The top layer, the board of governors, will elect a board of directors, which will determine budgets and projects.

Five key issues to watch

? Who will be the first president of the bank?

One prominent contender is Jin Liqun, the head of the Multilateral Interim Secretariat of the AIIB.

Jin, born in 1949, has an impressive resume. After graduation from Beijing Foreign Studies University with a major in English, he joined the Ministry of Finance. In the 1980s he was dispatched to the World Bank Group as an alternative executive director for China. He then became the vice-minister of finance. He was appointed as vice-president of the Asian Development Bank in 2003.

He has been described by colleagues as "an experienced, savvy, pragmatic guy" who did much of the backdoor negotiating that persuaded key economies including the United Kingdom, Germany, Australia and South Korea to join the new bank.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
水富县| 大足县| 县级市| 潜山县| 呈贡县| 肇州县| 普兰店市| 绥中县| 上杭县| 曲阜市| 宜城市| 平度市| 武山县| 渭南市| 封开县| 赤壁市| 陇西县| 土默特左旗| 镇原县| 桐柏县| 山西省| 乌拉特前旗| 武强县| 兰坪| 蓝田县| 奎屯市| 东海县| 昭通市| 商城县| 桃园市| 马山县| 克拉玛依市| 云霄县| 吴川市| 迭部县| 铁力市| 霍邱县| 韶关市| 古蔺县| 浠水县| 肇东市|