China’s Covid Isolation Spurs Beijing-Based Development Bank to Open Overseas Office

BEIJING—The China-backed Asian Infrastructure Investment Bank is about to open its first workplace exterior of Beijing, because the multilateral lender grapples with China’s strict Covid-related restrictions on abroad journey.

Abu Dhabi is among the many most popular places for the interim workplace, which might open as early as this summer season, in accordance to folks briefed concerning the matter. Besides permitting staff primarily based there to journey extra simply, the workplace might additionally help AIIB expand its global presence, they stated.