Asian Infrastructure Investment Bank
Trade wars, Brexit, hybrid warfare, migration, climate change. USA, China, Russia. UN, IMF, AIIB. G7, G20, 16+1 Platform. It’s almost 2019 and the European Union tries to keep the balance while seeking common answers to complex global challenges.
Turkey has ratified the establishment agreement of the Asian Infrastructure Investment Bank (AIIB), which was signed in June 2015.
According to a regulation, revealed in the Official Gazette on Jan. 12, Turkey will not pay more than $2.6 billion as the capital contribution to the bank.
The Turkish cabinet has also been authorized to increase this amount by up to five times.
By Eurogroup Chief and Dutch PM Jeroen Dijsselbloem at the Eurogroup Press Conference on December 7
Good evening everyone and welcome to this press conference. I was going to say that we’ve had busier turnouts – looking at the audience tonight – but it makes sense, because we also had a short Eurogroup meeting.
A new $100 billion international bank dedicated to the emerging BRICS countries opened in China's commercial hub Shanghai on July 21, officials said, as an alternative to other multilateral lenders.
The "New Development Bank," backed by the so-called emerging BRICS nations Brazil, Russia, India, China and South Africa, has been viewed as a challenge to Washington-based institutions.
China's parliament ratified an agreement with the world's largest emerging nations on July 1 to create a new development bank, state news agency Xinhua reported.
The New Development Bank, also known as the BRICS Bank, is one of two international development banks that China is promoting as an alternative to western institutions such as the World Bank.