China’s AIIB attracts 47 global members to challenge for opportunities
China is leading a new initiative to compete against the IMF and the World Bank which seem to have outgrown their original creation 71 years ago. The Asian Infrastructure Investment Bank - a minnow in finance compared with the World Bank - has had 47 countries applying to join, including major global economies, and will target financial help for infrastructure.
<i>Criticism of the International Monetary Fund and the World Bank is slowly subsiding, not because they have improved, but because a large part of the world believes there is a better alternative - the Asian Infrastructure Investment Bank. It was launched by the Chinese in October 2013 and is attracting worldwide support...
- Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
- Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.