World Economy

$110b Infrastructure Fund

$110b Infrastructure Fund$110b Infrastructure Fund

Tokyo is planning to create a $110 billion fund to bankroll infrastructure projects in Asia and part of it could be invested in Russia’s Far East, said Deputy Economic Development Minister Stanislav Voskresensky, Sputnik reported. The Russian minister had been meeting Hiroshi Watanabe, the head of the Japan Bank for International Cooperation, Tokyo’s export credit agency. “The head of the JBIC said Japan is inspired by China’s New Silk Road and Asian Infrastructure Investment Bank and intends to create a $110 billion fund to invest in Asian infrastructure,” he said in an interview with Rossiya-24 TV. “This also concerns Russia and especially it’s Far East,” Voskresensky added.