Kerry said if the World Bank and regional development banks could increase their lending by the hundreds of billions of dollars, it could leverage trillions in capital from the private sector and other sources.
Just before a new round of climate talks began in Glasgow, the G20 nations pledged on Sunday to end finance for all coal-fired power plants overseas. It followed a similar commitment made by Chinese President Xi Jinping to the United Nations General Assembly in September.
Indrawati dismissed worries that the AIIB will compete against World Bank or existing regional development banks, saying the global need of infrastructure is huge and the market is large enough.