ADB chief says bank ready to cooperate with AIIB

May 8, 2015

ADB chief says bank ready to cooperate with AIIB

The Asian Development Bank is ready to cooperate with the China’s planned Asian Infrastructure Investment Bank, ADB President Takehiko Nakao has said. “Cooperation would be possible in various fields,” he said in an interview following the ADB’s four-day annual general meeting in the Azerbaijani ...

May 4, 2015

ASEAN Plus Three pledge further structural reforms

Financial chiefs from the Association of Southeast Asian Nations plus Japan, China and South Korea have agreed on the need to promote structural reforms in a bid to promote economic growth, and to be vigilant against risks arising from large capital outflows. Meeting on ...

Apr 13, 2015

China rejects Taiwan's bid to become AIIB founding member

Taiwan is not able to become a founding member of the Beijing-led Asian Infrastructure Investment Bank but is still welcome to become an ordinary member in the future, the Chinese government said on Monday. In a statement carried by the official Xinhua news agency, ...

Mar 21, 2015

Switzerland, Luxembourg both plan to join China-led development bank

Switzerland and Luxembourg are planning to join the Beijing-backed Asian Infrastructure Investment Bank, China’s Finance Ministry said, the latest European nations to sign up to the multilateral lender which has drawn skepticism from the United States. Britain, France, Germany and Italy have already announced ...