GARMISCH-PARTENKIRCHEN, GERMANY – Leaders of the Group of Seven industrial nations discussed a new Chinese-led Asian investment bank at their summit on Sunday, with Prime Minister Shinzo Abe underlining the need to address issues like corruption, his spokesman said.
While 57 countries, including G-7 members Britain, Germany and France, have joined the Asian Infrastructure Investment Bank (AIIB) as founding members, Japan and the United States have stayed out of a venture seen as a rival to the U.S.-dominated World Bank and Japan-led Asian Development Bank (ADB).
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.