ADB and AIIB to co-finance more projects

The Asian Development Bank is looking to co-finance more projects this year with the Asian Infrastructure Investment Bank, with the two lenders complementing each other rather than seeing each other as rivals. ADB and the China-backed AIIB have a "very large pipeline" of projects they could fund together, which includes roads, clean energy as well as private-sector undertakings, ADB President Takehiko Nakao said.