aiib approves 7 new members ahead of new silk road summit
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

AIIB approves 7 new members ahead of new Silk Road summit

Arab Today, arab today

Arab Today, arab today AIIB approves 7 new members ahead of new Silk Road summit

President Michelle Bachelet meets President Xi Jinping
Beijing - Arab Today

The China-backed Asian Infrastructure Investment Bank (AIIB) said on Saturday it had approved seven new members to join the bank, a day before China’s biggest diplomatic event of the year kicks off.
Leaders from 29 countries will attend China’s new Silk Road forum in Beijing on Sunday and Monday, an event orchestrated to promote President Xi Jinping’s vision of expanding links between Asia, Africa and Europe underpinned by billions of dollars in infrastructure investment.
Delegations from around the world will attend including the US and North Korea. The new members are Bahrain, Bolivia, Chile, Cyprus, Greece, Romania and Samoa, bringing the bank’s total membership to 77 countries.
The bank’s president Jin Liqun held a joint press conference with Chilean President Michelle Bachelet to announce the new members.
“Better infrastructure across Asia will allow Chilean goods to access new markets, more investment in Chilean infrastructure, in turn, will further bind together the two great continents of Asia and Latin America,” said Jin.
“We think there are a lot of projects that can link Asia with or through Latin America,” said Bachelet, adding that she had spoken with Jin about the possibility of investing in a Trans-Pacific optic fiber cable to improve digital connectivity between Asia and Latin America.
“The cable could be considered a part of the ‘One Belt, One Road Initiative’ (OBOR) and transform the Pacific Ocean into a bridge between our regions,” she added, using another name for China’s “Belt and Road Initiative” or new Silk Road plan.
Other investments could include tunnels and highways across the Andes Mountains and ports to link Latin America and South America to Asia, Bachelet added.
Thirteen prospective new AIIB members from around the world, including Canada, were approved in March.
“Expanded membership to Africa, Europe and South America, along with the addition of further members in Asia shows the level of global commitment towards the bank's mission and illustrates the momentum that has gathered since 20 countries signed initial memoranda on establishing the bank less than three years ago,” said Jin.
The multilateral institution, seen as a rival to the Western-dominated World Bank (WB) and Asian Development Bank (ADB), was initially opposed by the US but attracted many US allies including Britain, Germany, Australia and South Korea as founding members.

Source: Arab News

arabstoday
arabstoday

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*

aiib approves 7 new members ahead of new silk road summit aiib approves 7 new members ahead of new silk road summit

 



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*

aiib approves 7 new members ahead of new silk road summit aiib approves 7 new members ahead of new silk road summit

 



GMT 21:16 2016 Monday ,27 June

Zaki Badr discusses cleaning problem in Giza

GMT 21:46 2017 Saturday ,14 January

Turkey arrests 60 businessmen for alleged Gulen ties

GMT 22:38 2017 Friday ,24 March

Abbas meets with Merkel in Berlin

GMT 09:02 2017 Monday ,27 March

Tunisian Premier Concludes Visit to Sudan

GMT 15:54 2017 Friday ,01 September

Attorney General Directs Prosecutors to inspect Prison

GMT 09:22 2017 Sunday ,31 December

HM King condoles with Afghanistan President

GMT 10:12 2016 Wednesday ,06 April

Strong dollar, mild weather shrink H&M profits

GMT 17:03 2016 Saturday ,24 December

7 police killed in attacks in Afghansitan

GMT 13:51 2017 Friday ,17 March

Israel denies Syria shot down a warplane

GMT 04:08 2017 Thursday ,05 January

Carbon tax can fund clean energy transition

GMT 19:27 2016 Wednesday ,14 September

Alstom to go ahead with plans to shut down Belfort plant

GMT 01:44 2017 Friday ,15 December

Mennat-Allah underlines importance of landscapes

GMT 04:57 2017 Thursday ,14 December

Trump tells NASA to send Americans to Moon

GMT 21:43 2017 Wednesday ,11 October

Qabil discusses with Swiss delegation improving power

GMT 21:06 2017 Sunday ,17 September

OIC condemns suicide attack in Kabul

GMT 08:27 2017 Thursday ,27 April

Nokia reports another loss as networks sag

GMT 19:41 2017 Monday ,06 February

Elina Svitolina Claims Taiwan Open Title

GMT 09:39 2017 Friday ,03 February

Former Brazilian president Lula's wife dies of stroke
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday