Adoption of the IMF and the World Bank strongly Asian Investment Bank
Adoption of the IMF and the World Bank strongly Asian Investment Bank
11-04-2015 11:22 AM
Free –
Welcomed the Bank and the IMF two international dominated by the United States, the establishment of the Asian investment bank, led by China, in a move described by observers as the adoption of the unbridled force of the new bank, which plans to start its activities by the end of this year.
Washington fears that the Asian new bank turns into a strong competitor threatens the hegemony the global financial system, but they are subjected to is actually after the Chinese initiative turned create a new global bank, the fact can not be the United States ignored. He said World Bank President Jim Yong Kim, “we are witnessing the emergence of Asian Investment Bank, who led China’s new and important development institution is, and asked more than 50 countries to join him, and now has an appropriate environment and labor standards of purchase. ” He added, “Asian Investment Bank and the Bank of the new development which was established by the BRICs, will be a huge new force for economic development in poor countries and emerging markets.” Said Christine Lagarde Director of the International Monetary Fund, for its part, “The ADB to invest in infrastructure, a great initiative,” adding that it should be for America to ratify the quota reforms at the International Monetary Fund to maintain its leadership of the world. Lagarde urged the need to prevent new typical growth turned into a The new reality, and called for investment in infrastructure and trade reform and warned that the typical economic growth may become the “new reality” which could leave millions without jobs and increases the risks to global financial stability. It urged Lagarde on the need to prevent new typical growth turned into a new reality, She called for investment in infrastructure and trade reform. She continued, “Given the continuing influence the great recession on people, the growth is not good enough, while there is still a need to accommodative monetary policies, especially in the euro area and Japan,” also warned Lagarde of the potential negative impact of rising sharp in the US dollar over the past six months with the willingness of the Federal Reserve to raise interest rates, while other central banks remain unable to take this step. She said that some of the companies in emerging markets are particularly susceptible to damage because they are dealing with a high dollar and low prices of goods primary and higher borrowing costs.
ahraraliraq.com
This move should scare the living crap out of every American citizen. We are losing our importance and need around the entire globe. Soon we will no longer be needed for anything.