The China-proposed Asia Infrastructure Investment Bank, or AIIB, is set to begin operating following an inauguration ceremony on Saturday.
Greg Austin, visiting professor at the University of New South Wales, speaks highly of the initiative.
SOUNDBITE (ENGLISH): GREG AUSTIN, University of New South Wales
“I think the AIIB was an excellent initiative. It mirrors certain proposals that were put forward by Japan in the last 10 or 20 years. I think it’s an excellent idea and its one which now is gathering more and more support.”