The International Monetary Fund is ready to cooperate with the Bank of China led

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The International Monetary Fund is ready to cooperate with the Bank of China led

Post  Admin on Mon Mar 23, 2015 6:04 am

Posted: 22.03.2015 | 16:25 GMT |

He IMF الأحد March 22 for its readiness to cooperate with the Asian Bank for investment in infrastructure that China is created.

The head of the International Monetary Fund Christine Lagarde during their participation in the Economic Forum, "China's development" in Beijing, said: "We welcome the establishment of the Asian Bank for investment in infrastructure."

It should be noted ADB to invest in infrastructure was established in 2014 at the initiative of China to finance infrastructure projects in the Asia-Pacific region, with an authorized capital of the bank's $ 100 billion.

Jin Liqun interim president of the ADB to invest in infrastructure, said on Sunday that at least 35 countries will join the Bank by the end of this month, noting that India, Indonesia and New Zealand have shown in the present time interest in joining the bank.

The major European countries (Germany, France, Italy and Britain) has revealed its intention to join the bank, which led China in a project Washington sees as a rival to the World Bank.

A large number of experts believe that the bank that China created as a potential rival to the International Monetary Fund and the World Bank, which are dominated by the United States, Japan, and the response said Lagarde: "The between existing institutions and the new bank a broad prospect for cooperation over competition."

And urged the United States, which is concerned that the growing influence of China's diplomatic states to reconsider on accession to the bank and wondered if the bank will own to be adequate standards of governance and environmental and social safeguards or not.


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