AIIB Works in Spirit of Multilateralism: President

The transcript discusses the AIIB's role in global development, highlighting its multilateral approach and the cooperation among its member countries. It addresses tensions between China and other members, such as India and the US, and how these affect the bank's operations. The AIIB's response to the COVID-19 pandemic, including increasing its crisis recovery facility, is detailed. Challenges in project implementation due to the pandemic are acknowledged. The transcript concludes with an optimistic view of China's economic recovery, emphasizing its large domestic market and potential for growth.

What was the primary reason for the creation of the AIIB?

• To support unilateral development projects

• To foster multilateral cooperation among member countries

• To promote China's global ambitions

• To compete with the World Bank

Which countries have shown pushback against AIIB projects?

• India, Canada, UK, and Australia

• USA, Japan, Germany, and France

• Brazil, Russia, South Africa, and Mexico

• Italy, Spain, Portugal, and Greece

How much did AIIB increase its COVID-19 crisis response facility to?

• $20 billion

• $15 billion

• $13 billion

• $10 billion

What is the main challenge for AIIB projects during the pandemic?

• Environmental concerns

• Lack of funding

• Political instability

• Implementation delays due to lockdowns

What is the expected outcome for China's economy in the third and fourth quarters?

• Continued decline

• Stagnation

• Minimal growth

• Robust recovery

What factor is considered a major advantage for China's economic recovery?

• Large domestic market and increased purchasing power

• Small population

• Limited market

• High dependency on exports

What is China's approach to maintaining economic stability during the pandemic?

• Collaborating with other countries for trade and investment

• Increasing tariffs

• Isolating from global trade

• Focusing solely on domestic production