World Bank seeking ways to collaborate with AIIB – WB head

“The World Bank will collaborate with the Asian Infrastructure Investment Bank (AIIB) and China Development Bank to eradicate extreme poverty in Asia, Africa and the rest of world,” World Bank President Jim Yong Kim told the People’s Daily on the eve of President Xi Jinping’s visit to the United Nations (UN) headquarters in New York City on September 26, where he [was to] attend a series of summits marking the UN’s 70th anniversary.

Jim said that the World Bank welcomes the establishment of the AIIB and has been looking for ways to closely collaborate with it. “Anyone who cares about poverty and inequality would welcome a bank that is going to help developing countries grow their economy and increase jobs for their people, since the AIIB can play a vital role in reducing extreme poverty.”He also talked about his friendship with Chinese President Xi Jinping. “The US town Muscatine in Iowa State, which Xi Jinping visited about 30 years ago, is the place where I grew up. In our each meeting, we would talk about our friends in Muscatine, and I could feel his profound understanding of US society. ”