ASIAN Infrastructure Investment Bank(AIIB) & MIDAS

BULLSEYE88
Topic Author
Offline
Elite Member

9 years 8 months ago #22007 by BULLSEYE88

ASIAN Infrastructure Investment Bank(AIIB) & MIDAS was created by BULLSEYE88

The Asian Infrastructure Investment Bank is a multinational financial institution established by the Chinese Government to assist in funding major projects throughout Asia.

It is planned to operate broadly in the same manner as existing multilateral development banks (MDBs) such as the World Bank and the Asian Development Bank (ADB).

The AIIB was first floated by President Xi Jinping in October 2013.

A year later - at its official launch in Beijing - 21 Asian nations, including China, had signed up to be foundation members.

Currently another 21 nations – including Australia, the United Kingdom, New Zealand, Germany and France - have expressed a desire to join as well.

An interesting applicant is Taiwan – which signed up just before the April 1 deadline – although issues around its membership name may complicate the deal.

Russia also joined in the last minute to become a member .

The future of railways stocks and infrastructure look even brighter now

Please Log in or Create an account to join the conversation.

BULLSEYE88
Topic Author
Offline
Elite Member

9 years 8 months ago #22008 by BULLSEYE88

Replied by BULLSEYE88 on topic ASIAN Infrastructure Investment Bank(AIIB) & MIDAS

The growing infrastructure demand in cash-strapped Asian countries will necessitate the need for more than $700 billion each year by 2020

This is exactly where the AIIB, a China-proposed international lender open to all qualified countries, came in ready to finance major infrastructure projects in Asia and meet the growing demand for a more inclusive and balanced international financial order.

47 countries have already applied to join AIIB including China, India, Indonesia, Israel, Bangladesh, Brunei, Cambodia, Jordan, Kazakhstan, Kuwait, Laos, Maldives, Malaysia, Mongolia, Myanmar, Nepal, New Zealand, Oman, Pakistan, Philippines, Qatar, Saudi Arabia, Singapore, Sri Lanka, Tajikistan, Uzbekistan, Thailand, Vietnam, France, Germany, Italy, the United Kingdom, Luxembourg, Switzerland, Austria, Turkey, South Korea, Brazil, Russia, Georgia, the Netherlands, Denmark, Australia, Egypt, Finland, Kyrgyzstan and Sweden.

Please Log in or Create an account to join the conversation.

BULLSEYE88
Topic Author
Offline
Elite Member

9 years 8 months ago #22057 by BULLSEYE88

Replied by BULLSEYE88 on topic ASIAN Infrastructure Investment Bank(AIIB) & MIDAS

China's initiative to launch the Asian Infrastructure Investment Bank (AIIB) has attracted more than 40 potential founding members. The New York Times calls it a stampede before the deadline.

The bank will have a start-up capital of US$100 billion. China has already committed half the amount for its answer to the Western- and Japan-dominated International Monetary Fund, World Bank and the Asian Development Bank.

President Xi Jinping has been harping on the theme of "the great renaissance of the Chinese nation" since he became the head of the Chinese Communist Party in 2012. The AIIB is instrumental in his ambitious master plan.

Since then, he has pledged to pump US$40 billion into his strategy for a New Silk Road economic belt. Under this idea of "One Belt, One Road", infrastructural networks are to be laid to better connect China with the rest of Asia, Africa, the Middle East and Europe. This has been a driving force behind the recent bullish activities in our stock exchange.

Xi wants the bank to accelerate developments in the region, which in turn will help Chinese state-owned enterprises assume a bigger role in the international arena. He is determined China steps out of the shadow of the US in the global economy and has close to US$4 trillion in foreign reserves at his disposal to make it work.

Please Log in or Create an account to join the conversation.

Time to create page: 0.181 seconds