Asian Infrastructure Investment Bank president: People shouldn't exaggerate geopolitical tensions

Post COVA there’s been a lot of talk about decoupling about de risking, but most of the projects as I understand it are Co financed with either the Asia Development Bank or the World Bank. How important is having this multilateral culture to fostering global growth and do some of these trends I was just talking about in the geopolitical tensions impact that you see. I don’t think people should exaggerate the geopolitical tensions that much. Countries, even the big powers in this world have a lot of common ground to cover. And as you see ever since the bank was up and running, we have financed the more than $50 billion to the Asians and non Asian countries to deal with the poverty reduction connectivity and help these countries be integrated into the regional and global economy. And we have financed about 50%. Of this $25 billion Co financing with the World Bank, ADB, EBRD, who are the major partners for us on the basis of the shared responsibility. I just want to talk about US China relations. Of course there’s a lot of global uncertainty at the moment. There is that election that is happening at the end of the year, is that impacting your work at all? You see the bank is a multilateral Development Bank. And this bank is inclusive. We welcome all of the countries who are the members of the World Bank and ADB. And of course, while all the members of the IMF, we work together as a team. Now, for various reasons, United States and Japan are not members, but that does not exclude preclude AIB from working with the US business communities. With our communication with the US government or institutions, so we’ve been working very well and this bank is also providing huge opportunities. To the American professionals working in this institution, we have quite a lot of senior people for an American nationals and we work with almost all of the major U.S. financial institutions and we encourage US businesses reassect the businesses to participate in international competitive building.