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Prayut asks Chinese bank boss for investment

Prime Minister Prayut Chan-o-cha on Thursday urged China’s Asian Infrastructure Investment Bank (AIIB) to back development in the Mekong region through the Thai-sponsored Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS).

Prayut met Jin Liqun, the president of AIIB, who visited Bangkok for a business forum.

The former general said there were many countries that needed funding to run their projects and developing their infrastructure.

Thailand supported AIIB to be a partner in infrastructural development with Asean and to build cooperation under ACMECS, joining the ACMECS Fund in order to contribute to development in the region, he said.

The AIIB president said the bank was ready to invest in infrastructure.

Prayut added that Thailand’s priority was to enhance seamless connectivity throughout Asean. Connectivity has two sides, hard and soft, he said. Hard connectivity means infrastructure and soft includes law, regulations and business link, he said.

Jin said Thailand had many development opportunities, especially infrastructural development.

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