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The Asian Infrastructure Investment Bank gets off the ground

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Jin Liqun, center, will become the AIIB's first president.   © Reuters

BEIJING   With $100 billion in capital and a staff of 500, the Asian Infrastructure Investment Bank was formally launched on Dec. 25 and seeks to make its first loan as early as spring 2016.

     The Beijing-based multilateral lender aims to help Asia build roads, power grids and other essential infrastructure. It will hold the first meetings of its board and executive council on Jan. 16-18. The AIIB counts 57 founding members.

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