china infrastructure bank will uphold standards
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Foreign Minister Wang Yi:

China infrastructure bank will uphold standards

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleChina infrastructure bank will uphold standards

US Secretary of State John Kerry (L)
Beijing - Arab Today

China's foreign minister worked on Saturday to allay concerns that Beijing's new regional infrastructure bank would not meet international standards as he met with US Secretary of State John Kerry.

The United States declined to become a founding member of the Asian Infrastructure Investment Bank (AIIB) amid doubts over how it would be managed, but several of Washington's closest allies signed up, including Britain, France and Germany.

The concerns include 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.

"The United States welcomes new multilateral institutions, including the Asian Infrastructure Investment Bank provided they share the international community's strong commitment to high quality standards," Kerry said at a press conference with Wang Yi in Beijing.

Those standards include "including genuine multilateral decision-making, ever improving lending requirements and environmental and social safeguards", he added.

A total of 57 nations have applied for founding membership, including China, and Wang rebuffed Kerry's concerns, saying: "The AIIB is a multilateral institution, so naturally its operation will observe international rules."

"The AIIB is also ready to carry out cooperation with other multilateral institutions, including the World Bank and the Asian Development Bank," he added.

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.
Source: AFP

themuslimchronicle
themuslimchronicle

GMT 08:11 2018 Wednesday ,17 January

BlackRock chief calls on CEOs

GMT 08:51 2018 Wednesday ,03 January

Banks 'reticent' to work with Sudan

GMT 08:36 2017 Sunday ,31 December

US tax reform to cut earnings by $5 bn

GMT 18:42 2017 Thursday ,28 December

Al-Sukait Tackles Investors’ Contribution

GMT 18:34 2017 Wednesday ,27 December

Shaath reveals opening date of Metro third line

GMT 09:52 2017 Tuesday ,12 December

Senate tax plan would boost revenue $1.8 tn

GMT 08:42 2017 Friday ,08 December

Post-Brexit London 'won't fall apart'

GMT 10:04 2017 Monday ,27 November

Brexit without EU trade deal 'not end of world'
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china infrastructure bank will uphold standards china infrastructure bank will uphold standards

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 08:32 2011 Monday ,25 July

Sabri accuses Yusri in Souad Hosni’s murder

GMT 12:07 2014 Monday ,03 February

Home design ideas

GMT 11:20 2017 Thursday ,02 March

Mexico central bank cuts growth outlook over Trump

GMT 08:31 2017 Tuesday ,28 November

Bangladesh upholds death sentence for 139 soldiers

GMT 14:33 2017 Thursday ,20 April

US defense secretary vows support for Egypt's Sisi

GMT 16:12 2017 Wednesday ,20 December

Myanmar bars UN rights investigator just before visit

GMT 08:21 2017 Wednesday ,30 August

United Technologies near deal to buy Rockwell Collins

GMT 18:27 2017 Friday ,21 April

ARCO condemns targeting of ERC convoy in Somalia
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle