2016年CRI AIIB's First President Meets Press after Board Meeting

 

Jin Liqun, the new president of the AIIB, welcomed the formal inauguration¹ of the bank after the first meeting of its board of governors.

"We have just concluded, very successfully, the inaugural² meeting of AIIB's first board of governor's meeting and I'm delighted to advise you the bank is open for business. I'm deeply committed to run this institution according to the highest possible standard, according to the principles outlined in the bank's articles' remit³: transparency, openness, accountability, and independence."

He said it was critical to address Asia's infrastructure⁴ needs in order to boost economic growth in the region.

"We plan to bring the first loans for approval before the end of this year. As we all know, Asia faces severe connectivity gaps and significant infrastructure bottlenecks⁵. It is critical to address this need because good infrastructure is a foundation for robust⁶ economic growth and expands economic opportunities and improves the quality of life for everybody."

The president also gave a brief introduction on its "oversight⁷" mechanism⁸ which will watch over its business operations.

"We must build a very good corporate⁹ culture. According to the design of the bank, we will have (a) very good system. There will be division of power and responsibility between the board and the management. The board would exercise oversight of the management in addition to the designing, approval of the major policies."

As to the currency used for financing in the bank, Jin Liqun said it will offer loans in the U.S. dollar.

The AIIB is expected to lend 10 to 15 billion dollars a year for the first five or six years and will start operations in the second quarter of 2016.

Jin said that the bank's capital would include a number of currencies.

"For the sake of raising capital from the international market, we may raise capital in U.S. dollars, Euro, RMB, and some other currencies, to benefit the borrowing countries."

Jin also revealed that 30 of its 57 founding members have approved the charter domestically and become "full members".

The 30 represent more than 74 percent of shares in the bank.

Formally known as the Articles of Agreement, the charter is a crucial condition for the bank to be legally valid¹⁰ and member countries have to pass it in their domestic legislatures to become full members before the end of this year.

For CRI, this is Fei Fei.

1 inauguration   

n.开幕、就职典礼

参考例句：

• The inauguration of a President of the United States takes place on January 20.美国总统的就职典礼于一月二十日举行。
• Three celebrated tenors sang at the president's inauguration.3位著名的男高音歌手在总统就职仪式上演唱。

2 inaugural   

adj.就职的；n.就职典礼

参考例句：

• We listened to the President's inaugural speech on the radio yesterday.昨天我们通过无线电听了总统的就职演说。
• Professor Pearson gave the inaugural lecture in the new lecture theatre.皮尔逊教授在新的阶梯讲堂发表了启用演说。

3 remit   

v.汇款，汇寄；豁免（债务），免除（处罚等）

参考例句：

• I hope you'll remit me the money in time.我希望你能及时把钱汇寄给我。
• Many immigrants regularly remit money to their families.许多移民定期给他们的家人汇款。

4 infrastructure   

n.下部构造，下部组织，基础结构，基础设施

参考例句：

• We should step up the development of infrastructure for research.加强科学基础设施建设。
• We should strengthen cultural infrastructure and boost various types of popular culture.加强文化基础设施建设，发展各类群众文化。

5 bottlenecks   

n.瓶颈( bottleneck的名词复数 )；瓶颈路段（常引起交通堵塞）；（尤指工商业发展的）瓶颈；阻碍

参考例句：

• Roadworks are causing bottlenecks in the city centre. 道路施工导致市中心交通阻塞。 来自《简明英汉词典》
• At five o'clock in the afternoon the city streets are a series of bottlenecks. 下午五点市中心的街道就成了拥挤不堪的窄路。 来自《现代英汉综合大词典》

6 robust   

adj.强壮的，强健的，粗野的，需要体力的，浓的

参考例句：

• She is too tall and robust.她个子太高，身体太壮。
• China wants to keep growth robust to reduce poverty and avoid job losses,AP commented.美联社评论道，中国希望保持经济强势增长，以减少贫困和失业状况。

7 oversight   

n.勘漏，失察，疏忽

参考例句：

• I consider this a gross oversight on your part.我把这件事看作是你的一大疏忽。
• Your essay was not marked through an oversight on my part.由于我的疏忽你的文章没有打分。

8 mechanism   

n.机械装置；机构，结构

参考例句：

• The bones and muscles are parts of the mechanism of the body.骨骼和肌肉是人体的组成部件。
• The mechanism of the machine is very complicated.这台机器的结构是非常复杂的。

9 corporate   

adj.共同的，全体的；公司的，企业的

参考例句：

• This is our corporate responsibility.这是我们共同的责任。
• His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

10 valid   

adj.有确实根据的；有效的；正当的，合法的

参考例句：

• His claim to own the house is valid.他主张对此屋的所有权有效。
• Do you have valid reasons for your absence?你的缺席有正当理由吗？