Will support 'Made in Asia' projects, says AIIB President Jim Liqun

There was a debate if India should join AIIB. I am glad that India has become an active participant, said Jaitley

This is a borrowers’ bank, said Subhash C Garg, Secretary, department of economic affairs, India’s Finance Ministry about the Asian Infrastructure Investment Bank (AIIB), this week. Jim Liqun, the President of AIIB said they will support “Made in Asia” projects. Between Garg and Liqun lies India’s hopes and concerns about the newest multilateral institution it has helped to emerge and which will hold its third annual general meeting in Mumbai in June, this year.

The earlier two were at Beijing and Jeju in South Korea.

But, first Garg! The secretary’s comments underscore the fundamental difference between AIIB and the