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China's new bank will start taking concrete shape this week - Business Insider
Arun Jaitley to skip FMs meet to sign agreement on AIIB in Beijing - The Economic Times
Indonesia to be eighth-largest AIIB shareholder with $672 million stake - The Economic Times
AIIB members set to sign Articles of Agreement in Beijing - CCTV News - CCTV.com English
I can't believe it's so fast! China speed.
Where is TPP? In your dreams.
It looks though that AIIB I will be up and running by the end of the year, and when the dust has settled we can start on AIIB II - the African Infrastructure Investment Bank.
@TaiShangAustralia was the first country to sign the document.
It looks though that AIIB I will be up and running by the end of the year, and when the dust has settled we can start on AIIB II - the African Infrastructure Investment Bank.
April 7, 2015
UAE, Iran approved as founder members of China-backed infrastructure bank
More than 50 countries, plus Taiwan, have now applied to join the bank in a diplomatic coup for Beijing
Iran has been approved as a founding member of the Beijing-backed Asian Infrastructure Bank (AIIB), China’s finance ministry said Tuesday, just days after Tehran sealed a historic framework agreement on its nuclear programme.
Tehran’s application was backed by other founding members on Friday, China’s Ministry of Finance said in a statement on its website. The UAE’ bid was also approved.
More than 50 countries, plus Taiwan, have now applied to join the bank in a diplomatic coup for Beijing after Washington initially opposed its allies becoming members.
The United States and its Asian ally Japan have not sought to join.
But US Treasury Secretary Jacob Lew said last week that Washington was “ready to welcome” the bank, though he added it should complement existing multilateral institutions such as the World Bank and International Monetary Fund.
Iran’s approval — its application had not been previously announced — comes immediately after the nuclear deal that China helped to broker.
Under the outline nuclear deal, the United States and the European Union are to lift all nuclear-related sanctions on Iran once the UN atomic agency has verified that Tehran has stuck to its terms.
The proposed limits will see Iran’s stocks of highly enriched uranium cut by 98 per cent for 15 years, while its unfinished Arak reactor will not produce weapons-grade plutonium.
There are concerns over transparency of the AIIB, which will fund infrastructure in Asia, as well as Beijing using it to push its own geopolitical and economic interests as a rising power.
Under President Xi Jinping, China is pushing to build on the ancient Silk Road trade routes on land and sea, through its ‘One Belt, One Road’ initiative expected to be partly funded by the AIIB.
UAE, Iran approved as founder members of China-backed infrastructure bank | GulfNews.com
As planned.
Greece could be first development project for China's AIIB facility - National Finance Examiner | Examiner.com
Next: China will use gold and gold pricing to force global currency reset
With Greece now in arrears on their debt obligations to the IMF, and awaiting a historic referendum vote by the Greek people to decide for either austerity or default, one institution may be waiting in the wings to provide a bailout of the Southern European country, and it may be the first development project for the newly implemented Asian Infrastructure Investment Bank (AIIB).
On July 2, the director of the Quantitative Finance Department at China's Institute of Quantitative and Technical Economics stated that China is open to working alone, or with the European Union, to provide the financial and economic means to aid Greece with their financial problems. And with all the new banking facilities coming online in the Far Eastern sphere of influence, salvation and development for a country like Greece is exactly what entities such as the AIIB were created for.
China may help Greece directly through its new financial instruments, director of the Quantitative Finance Department at China's Institute of Quantitative and Technical Economics told Sputnik China.
"The Greek crisis has an undoubtedly seriously influence on China's trade with Greece and investment into the country. But I think that European countries together with China can help Greece overcome the problems that arose," Fan Mingtao said.
"I believe there are two ways to give Greece Chinese aid. First, within the framework of the international aid through EU countries. Second, China could aid Greece directly. Especially considering the Silk Road Economic Belt and the Asian Infrastructure Investment Bank. China has this ability," Fan added.
According to Fang, China has the financial ability to aid Greece if needed, because of its existing Silk Road Economic Belt project and the Asian Infrastructure Investment Bank. - Sputnik News
In addition to this sudden announcement in China to use their new facilities to work on a bailout or development solution for the Greek crisis, Russia has already intimated bringing Greece into the BRICS coalition, especially if their people should choose to vote against austerity and create the scenario where they might leave the Euro and the European Union as a result.
It is very interesting to watch as the Eurozone is being pushed into a corner rather than seeing Greece surrounded on all sides as previous debtors to the IMF and ECB have experienced as far back as 2008 and 2009. During those years, the insolvent nations of Portugal, Spain, Italy, and Ireland were forced into instituting austerity on their economies and peoples, and in some cases EU technocrats were put in positions of power to dominate their governments as un-elected officials.
Much has changed since the original crisis in 2008 that separated Europe into a union of haves and have nots, and where massively indebted countries like Greece, Spain, and Italy now have alternatives that weren't available to them just seven years ago. And with most of the nations within the European Union having already signed on to the AIIB agreement at the end of March, to attempt to veto the bank's offer to save one of their own would quickly make the European coalition look like aggressors who vindictively want Greece to fail, rather than as a union seeking to achieve a solution to Greece's un-payable debt problem.
As planned.
Im for gold standard.
Greece could be first development project for China's AIIB facility - National Finance Examiner | Examiner.com
Next: China will use gold and gold pricing to force global currency reset
With Greece now in arrears on their debt obligations to the IMF, and awaiting a historic referendum vote by the Greek people to decide for either austerity or default, one institution may be waiting in the wings to provide a bailout of the Southern European country, and it may be the first development project for the newly implemented Asian Infrastructure Investment Bank (AIIB).
On July 2, the director of the Quantitative Finance Department at China's Institute of Quantitative and Technical Economics stated that China is open to working alone, or with the European Union, to provide the financial and economic means to aid Greece with their financial problems. And with all the new banking facilities coming online in the Far Eastern sphere of influence, salvation and development for a country like Greece is exactly what entities such as the AIIB were created for.
China may help Greece directly through its new financial instruments, director of the Quantitative Finance Department at China's Institute of Quantitative and Technical Economics told Sputnik China.
"The Greek crisis has an undoubtedly seriously influence on China's trade with Greece and investment into the country. But I think that European countries together with China can help Greece overcome the problems that arose," Fan Mingtao said.
"I believe there are two ways to give Greece Chinese aid. First, within the framework of the international aid through EU countries. Second, China could aid Greece directly. Especially considering the Silk Road Economic Belt and the Asian Infrastructure Investment Bank. China has this ability," Fan added.
According to Fang, China has the financial ability to aid Greece if needed, because of its existing Silk Road Economic Belt project and the Asian Infrastructure Investment Bank. - Sputnik News
In addition to this sudden announcement in China to use their new facilities to work on a bailout or development solution for the Greek crisis, Russia has already intimated bringing Greece into the BRICS coalition, especially if their people should choose to vote against austerity and create the scenario where they might leave the Euro and the European Union as a result.
It is very interesting to watch as the Eurozone is being pushed into a corner rather than seeing Greece surrounded on all sides as previous debtors to the IMF and ECB have experienced as far back as 2008 and 2009. During those years, the insolvent nations of Portugal, Spain, Italy, and Ireland were forced into instituting austerity on their economies and peoples, and in some cases EU technocrats were put in positions of power to dominate their governments as un-elected officials.
Much has changed since the original crisis in 2008 that separated Europe into a union of haves and have nots, and where massively indebted countries like Greece, Spain, and Italy now have alternatives that weren't available to them just seven years ago. And with most of the nations within the European Union having already signed on to the AIIB agreement at the end of March, to attempt to veto the bank's offer to save one of their own would quickly make the European coalition look like aggressors who vindictively want Greece to fail, rather than as a union seeking to achieve a solution to Greece's un-payable debt problem.
Im for gold standard.