Proposal put forward at a meeting of the lender’s founders to discuss the running of the international development bank, according to sources
China will probably take a 25-30 per cent stake in the Asian Infrastructure Investment Bank and India is likely to be the second-largest shareholder, delegates attending a meeting of the lender’s founding members said on Friday.
China’s share in the US$100 billion lender will be less than 30 per cent, an Asian delegate attending the meeting in Singapore said.
We’re watching America being abandoned by a German-led Europe in real time.
European officials tell the Financial Times their countries will join the institution, ignoring reservations expressed by the United States about how the new lender will be run
France, Germany and Italy have agreed to follow Britain’s lead and join the Asian Infrastructure Investment Bank, a major setback for Washington, the Financial Times reported.
The state-run Xinhua news agency in China said South Korea, Switzerland and Luxembourg were also considering joining. Continue reading