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Economic growth task for former Lib-Dem

Alexander takes Far East role as director of Asia bank

Danny AlexanderSir Danny Alexander has been appointed to a post at the new Asian Infrastructure Investment Bank, China’s equivalent to the World Bank.

The former Chief Secretary to the Treasury, who lost his Inverness, Nairn, Badenoch and Strathspey seat in the SNP General Election landslide, becomes vice-president and corporate secretary and will join the AIIB’s board.

Britain is one of the founder members of the AIIB and will have an influence on the direction of the bank after being given one of the twelve seats on the board of directors, the Treasury said.

Sir Danny said: “I look forward to using my experience and skills, including as Chief Secretary to the Treasury during one of the most challenging recent times for the UK economy, to help ensure the AIIB succeeds.

“I will relish the challenge of being part of this new institution as it establishes itself as a crucial part of the multilateral landscape, supporting growth, tackling climate change, and helping drive up living standards in Asia.

“The creation of the AIIB is the right initiative at the right time to meet these challenges, and I am committed to doing all I can to support the success of the bank.”

The AIIB will support access to finance for infrastructure projects across Asia, using measures such as loans, equity investments, and guarantees

Mr Alexander was one of four Liberal Democrats who drew up the UK coalition government agreement with the Conservatives in 2010.

Since losing his seat he has been working with the Britain Stronger in Europe campaign and schools cricket charity Chance To Shine.

He received his knighthood at Buckingham Palace in December.

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