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China-led AIIB targets 50% green investment by 2025

Coronavirus recovery set to dominate near-term funding needs

Workers install solar panels at a residential home in a village in Dongying, Shandong province,   © Reuters

BEIJING -- The Asian Infrastructure Investment Bank aims to have renewable energy projects and other efforts to address climate change make up at least half of its financing approvals by 2025, the bank's president said Wednesday.

"Our ultimate goal is to contribute to economic growth and social progress that is inclusive and sustainable," Jin Liqun said at a news conference ahead of the China-led institution's fifth anniversary and the start of his second term at the helm.

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