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AIIB expects to support African industrialization in cooperation with UNIDO

Xinhua, November 22, 2016 Adjust font size:

The Asian Infrastructure Investment Bank (AIIB) expects to cooperate with UN Industrial Development Organization (UNIDO) in boosting industrialization development in Africa in the future, Jin Liqun, President of AIIB on Monday told Xinhua.

Attending 50-year anniversary of UNIDO in Vienna, Jin said AIIB shares the inclusive and sustainable industrial development mandate with UNIDO, and could cooperate with the organization in the future to support the industrial development in African states.

"We expect that in near future we could carry out our business in Africa, and could cooperate with the world bank, the African Development Bank and UNIDO," Jin told Xinhua.

Although AIIB mainly focuses on the development of Asia, but African seems to be an attractive continent for its investment.

The AIIB president said compared to the other region like Latin America, Africa needs more help, many of the African countries still depend on exporting resources, therefore the industrialization is quite important for African countries. Endit