The European Bank for Reconstruction and Development is seeking to co-finance more projects in Central Asia and elsewhere with the China-backed Asian Infrastructure Investment Bank. The two organizations have co-financed two projects in the infrastructure and energy sectors and have 25 more joint projects in the pipeline.
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Chinese investments in Central and Eastern Europe are raising concerns about transparency and accountability, but for now, the risks are relatively manageable given the modest scope of investment.
According to EBRD Vice President Pierre Heilbronn, the bank is eager to expand cooperation with the Asian Infrastructure Investment Bank in Central Asia.