19.03.2015 - An answer to Fund-Bank domination
The Asian Infrastructure Bank is gaining support with European countries signing up. Not surprisingly, US is sulking. Is the tide turning on the Asian Infrastructure Investment Bank, the new development bank being pushed by China to help plug Asia’s multi-trillion-dollar infrastructure financing deficit? Besides, the signs are that nothing but the highest standards are planned for the bank. For instance the person expected to be in charge, Jin Liqun, is the former chair of the board of supervisors of China Investment Corporation, the Chinese sovereign wealth fund with $200 billion of registered capital, and chair of the International Forum of Sovereign Wealth Funds. He’s also a former vice president of the Asian Development Bank...............................................Full Article: Source
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