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Europe's development bank digs in deeper with AIIB

EBRD chief Chakrabarti downplays concerns over Central Asian debt trap

The headquarters of the European Bank for Reconstruction and Development in London.   © Reuters

BEIJING -- The European Bank for Reconstruction and Development is doubling down on its partnership with the China-backed Asian Infrastructure Investment Bank, seeking to co-finance promising projects in Central Asia and elsewhere.

The relationship with the AIIB is "one of the strongest" partnerships that the EBRD has "with any multinationals," President Suma Chakrabarti said in a recent interview here with Nikkei. Chakrabarti added that he and AIIB Chairman Jin Liqun have known each other for three decades.

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