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OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » Asian Development Bank Launched | “This is a historical moment”: Xi at launch of new China-led Bank

Asian Development Bank Launched | “This is a historical moment”: Xi at launch of new China-led Bank

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PurpleSkyz

PurpleSkyz
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Asian Development Bank Launched | “This is a historical moment”: Xi at launch of new China-led Bank



Thanks Kauilapele for sharing this. 

Here is a highlight from the below article detailing some points of interest:
"The new lender is expected to name its first lending projects in mid-2016. 
The China-backed multilateral development institution is tasked with financing infrastructure development across Asia. 
With an authorized capital of $100 billion, the AIIB will finance infrastructure projects like the construction of roads, railways, and airports in the Asia-Pacific Region."
Related Asian Infrastructure Investment Bank (AIIB) Formally Established (New Rival To The World Bank)

Related China’s Yuan Joins SDR Basket As IMF Reserve Currency


- Justin


Thanks to: http://sitsshow.blogspot.com



  

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