Friday, April 17, 2015

Asian Bank not Intended to ‘Overthrow’ World Bank, says Chinese Official 

China’s proposed Asian Infrastructure Investment Bank (AIIB) will have a constructive and complementary relationship with both the World Bank and the Asian Development Bank and is not intended to “overthrow” either institution, Zhu Guangyao, China’s Vice Minister of Finance, said April 17 at the Atlantic Council.

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