Post by Shep on Oct 19, 2017 9:54:41 GMT
BRICS - AIIB - Asia banking - Silk Road
BRICS - Brazil, Russia, India, China and South Africa
AIIB - Asian Infrastructure Investment Bank
It will be interesting - and disturbing - if NATO terrorist state Turkey joins.
China has declared their currency the WORLD CURRENCY.
China and BRICS have long protested against their limited voice at the World Bank, International Monetary Fund (IMF) and Asian Development Bank (ADB).
BRICS and AIIB will focus on creating a New Silk Road trade routes to Europe.
In addition to the AIIB, China is the driving force behind 2014 creation of BRICS.
The United States called for its allies to stay away from the AIIB.
Britains membership in China-led World Bank rival of UK
March 16, 2015 - The UK government considers membership of the China-led Asian Infrastructural Investment Bank (AIIB) of British national interest. But the USA sees the AIIB as a rival. The UK did not consult with the USA.
The UK applied to become the first Western founding member in the AIIB.
Joining the AIIB at the founding stage will create an unrivalled opportunity for the UK and Asia to invest and grow together.
AIIB was founded in October 2014 by China and 20 other Asian countries. The bank will allocate money for the development of roads system, telecommunication and other infrastructure projects in the poorer regions of Asia.
China offshore banking center is London
UK accommodating China
March 16, 2015 UK announced that it would join the Asian Infrastructure Investment Bank (AIIB), launched in 2014 October. The UK is the first of the G7 leading economies to join the bank. The AIIB is just one of Chinas recent efforts to remake the worlds multilateral institutions in its own image in partnership with BRICS bank.