The U.S. has so far chosen to stay out of the Asian Infrastructure Investment Bank (AIIB). However, the American government may overcome its phobia for the China-backed investment bank, according to AIIB's president, Jin Liqun, in an interview with leading Chinese newspaper China Daily.

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Jin claims that he has personally heard many good things about AIIB from Obama officials and that U.S. President-elect Donald Trump may overturn Obama's decision not to join the AIIB.

"I have heard a certain senior official of the President Barack Obama speak good of the AIIB and after Donald Trump won, I was told that many in his team have an opinion that Obama was not right not to join the AIIB," Jin said.

Jin insisted that this change in opinion came about ever after Canada became the newest member of the bank last month. He claims that this helped to increase the creditability of the bank. Canada is the 58^th non-Asian country to join the 57-member bank.

Jin admitted that the U.S. sees the AIIB as a competitive threat to American-backed financial institutions including the World Bank and the International Monetary Fund (IMF). Both powerful institutions play a very important role in maintaining America's domination in the global financial world, Jin explained.

He lamented the fact that the U.S. has raised doubts over whether the AIIB's functions can be consistent with fundamental human and environmental rights of member nations. Jin said that they tried their best to convince America.

AIIB officially started operation on January 17 this year, with its headquarter in Beijing.  The main aim of the bank is to offer affordable credit for infrastructure projects to all member nation.

The capital base of the bank is $100 billion, which is approximately 50 percent of World Bank's capitalization. About 20 new nations have lined up applications to join the bank. Most of these 20 nations are reportedly from outside Asia.

TagsAsian Infrastructure Investment Bank (AIIB), AIIB, Jin Liqun, china, China and US