In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘Asian Infrastructure Investment Bank(AIIB)’

China-led AIIB approves 13 new members

Posted by seumasach on March 23, 2017

Asia Times

23rd March, 2017

The China-backed Asian Infrastructure Investment Bank (AIIB) said on Thursday it has approved 13 new applicants to join the bank, including Canada, a major ally of the United States, bringing its total membership to 70.

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Trump and Xi Jinping could meet as early as May

Posted by seumasach on February 28, 2017

“China also appears to be probing linking the BRI[Belt and Road Initiative] — its giant connectivity project for Asia, Europe, West Asia and Europe — in its equation with Washington.”

“Mr. Woolsey had described as a “strategic mistake,” the Obama administration’s opposition to the formation of the Asian Infrastructure Investment Bank (AIIB) — a China-led multilateral bank, from which projects under the BRI are likely to benefit.”

Hindu

28th February, 2017

China’s ties with the United States appears for a re-set amid signs that a meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping could be held as early as May.

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The new multilateral financial architecture

Posted by seumasach on April 5, 2015

Gateway House

1st April, 2015

The announcement that major European powers will join the AIIB as founding members means the bank is now clearly accepted as a tangible game changer in the multilateral financial architecture. The formidable intentions of AIIB and the new transnational corridors project are both a challenge and an opportunity for India

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A look at the new China-led financial institutions

Posted by seumasach on March 23, 2015

 

Here is confirmation of China’s potential world leadership. From now on, China has internationalized its “soft power” and these institutions will become truly global in their scope. Why else would “developed countries” like Britain be so desperate to join them- to make sure they live up to our own exacting standards of financial probity?If capital investment coming into Britain comes through banks of which we are founding members things become a lot easier politically

Deutsche Welle

20th March, 2015

The BRICS New Development Bank (NDB), the Asian Infrastructure Investment Bank (AIIB), and the Silk Road Fund are all international initiatives spearheaded by China over the past months that symbolize Beijing’s growing influence in providing development funding and potential new sources of financing for developing countries.

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Major US allies to join China-backed AIIB bank

Posted by seumasach on March 23, 2015

Deutsche Welle

17th March, 2015

Against the advice of the US, several European nations have decided to join the China-backed AIIB development bank. Washington had expressed concern over funding transparency and competition for the World Bank.

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Cracks In Washington’s empire

Posted by seumasach on March 23, 2015

Paul Craig Roberts

17th March, 2015

Washington’s EU vassals might be finding their backbone. Britain, Germany, France, and Italy are reported to have defied Washington’s orders and applied to join the Chinese-led Asian Investment Bank. Australia, Japan, South Korea, Switzerland and Luxembourg might also join.

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China, 20 other countries initiate new Asian bank

Posted by seumasach on October 30, 2014

Newsday

24th October, 2014

BEIJING – (AP) — Twenty-one Asian nations have signed on to a China-driven initiative to create a new development bank for Asia that’s aimed at boosting infrastructure investment of all kinds. Beijing sees that as a way to raise its international standing, but Washington opposes the move as an unnecessary and potentially damaging rival to established institutions such as the World Bank.

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