Jin Liqun nominated as Chinese President-designate of AIIB

BEIJING - After a selection process agreed to last June at a Special Ministerial Meeting of Prospective Founding Members in Beijing, China has nominated Secretary-General Jin Liqun of the Multilateral Interim Secretariat of the China-led Asian Infrastructure Investment Bank (AIIB) as the bank’s new President-designate.

According to the AIIB’s Articles of Agreement, the President of the AIIB is to be elected through an “open, transparent and merit-based process” with the condition that the President be a national of a regional member. The deadline for President-designate nominations is July 31, 2015, and the President-designate will be officially selected at the 6th Chief Negotiators’ Meeting of prospective founding members to be held in late August.

The State-run China Daily newspaper reported that Jin “has an outstanding leadership record in the public and private sectors, and multilateral development institutions, including serving as Chinese Deputy Finance Minister, Vice-President and ranking Vice-President of the Asian Development Bank” as well as a number of other leadership roles. www.webershandwick.cn (ATI).