Jin said he expects the bank's total loans this year to be on a similar scale to last year, when it set up a $13 billion funding facility to help public and private sectors fight the pandemic.
"This year the scale of our lending will perhaps be around the same as that of 2020," he said. The AIIB approved 45 loans worth a total of $9.96 billion that year, according to Reuters calculations.
The COVID-19 epidemic has shown the importance of so-called "social infrastructure," particularly in health, and this will continue to be a part of AIIB's investments, said Jin, who did not give details on how much funding would be devoted to such projects in the future.
The pandemic also forced the bank - whose staff of a few hundred is still tiny compared to that of other development banks - to slow recruitment.
"Once COVID-19 is brought under control we will resume recruitment to enhance our in-house capacity," said Jin.
(Reporting by Gabriel Crossley; Editing by Kenneth Maxwell)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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