Global Financial Institutions Affected by U.S.-China Tensions.

The Chinese-led Asian Infrastructure Investment Bank (AIIB) has maintained close cooperation with American governmental institutions, financial institutions, and respective businesses despite rising geopolitical tensions between the US and China, according to AIIB President Jin Liqun. The IMF warns that the ongoing tensions between the world's two largest economies could lead to a 2% decline in global output. However, Jin is confident that the AIIB has the necessary checks and balances in place to avoid such a scenario. The AIIB's investment strategy is focused on infrastructure development, including climate change mitigation and adaptation projects. Starting this July, all projects approved by the bank will need to be in alignment with the Paris Agreement on climate change.