No 'debt trap' with AIIB, president vows

India's Modi wants greater involvement with China-led development bank

20180626 AIIB President Jin Liqun copied

AIIB President Jin Liqun says the bank looks to finance quality projects that avoid pushing countries into the "debt trap" faced by some borrowers related to Beijing's Belt and Road Initiative. (Photo by Yuji Kuronuma)

ROSEMARY MARANDI, Nikkei staff writer, and KEN KOYANAGI, Nikkei Asian Review Editor-at-Large

MUMBAI -- The Asian Infrastructure Investment Bank intends to take a cautious approach toward lending as it works to create financial sustainability for its 87 member countries, the president of the China-led bank said Tuesday.

The bank apparently seeks to differentiate itself from the Chinese financial institutions facing criticism for creating problems of overborrowing in some countries tied to Beijing's Belt and Road Initiative.

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