A lot of press lately, most notably on the Western-based financial news networks, regarding the China-led "AIIB"; or Asian Infrastructure Investment Bsnk; drawing attention not only for its initiative, but probably more for the opposition it faces primarily from the U.S. Administration.
For more (I hate having to cite the Wiki, but hey, it's a quickie):
http://en.m.wikipedia.org/wiki/Asian_Infrastructure_Investment_Bank
With the U.S. controlling the World Bank (despite only having a 20% stake in the institution), and having veto power; it's not surprising that the government has reservations over the prospect of the newly created AIIB.
Meanwhile, member-nations are signing-up daily...
Hey, wake-up; anyone can join (and borrow) if they're legit...!!!
Just sayin'
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.