Development banks are forged in tough times, and no one knows that better than Jin Liqun. Coronavirus is a threat to everyone, but also a chance for such international financial institutions to prove their value to member countries, a fact that the president of the Asian Infrastructure Investment Bank knows all too well.
Jin attended a recent virtual meeting chaired by IMF managing director Kristalina Georgieva and World Bank president David Malpass.
“We discussed how IFIs can work together to contain the virus and help member countries get back to business as usual as fast as possible,” Jin says, speaking to Euromoney via video-link from Beijing. “The takeaway was for all development banks to collaborate to combat Covid-19 using their own special abilities and talents, to help the countries that need us. We need to be creative and innovative, and to think outside the box.”
Time for action
He adds: “A public health crisis like this pandemic is a time for IFIs to act – and act quickly.
