America is concerned ADB to invest in infrastructure
America is concerned ADB to invest in infrastructure
Mon, March 23, 2015 08:55
BAGHDAD / follow Baghdadi News / … According to press reports Western, said on Monday that US President Barack Obama’s administration, which expressed concern about the new development bank chaired by China suggests the work of this bank cooperatively with Western development institutions such as the World Bank.
She reports that “the United States, which is concerned about China’s growing diplomatic influence, urges States to think twice before joining the ADB to invest in infrastructure (Oah.aa.aa. me), which some saw as a challenge to the World Bank and the Asian Development Bank, based in Manila-based. ”
She reports that “despite US concerns, Britain has said earlier this month that it will join the Bank (Oah.aa.aa. me), and followed France, Germany, Italy suit quickly.”
He said Chinese Finance Minister Luo Jiwei, on Sunday “that” about 27 countries agreed to participate in the new development bank, which has a volume of $ 50 billion, is expected to begin operations at the end of the year to provide loans for projects in developing countries. ”
For his part, Undersecretary of the US Department of the Treasury for International Affairs Nathan Sheets said that “The United States welcomes the new multi-institutional parties that promote the international financial architecture.”
Sheets and added that “the co-financing projects with existing institutions such as the World Bank or the Asian Development Bank will help ensure that integrates the new development bank with existing institutions rather than compete with them.”
Japan, Australia, South Korea mention US allies have not yet acceded to the list of members of the Bank (Oah.aa.aa. me). But the heads of the International Monetary Fund and the Asian Development Bank told a conference in Beijing that they were in talks with (Oah.aa.aa. me) or they are happy to cooperate with him. I did not have the US Treasury Department suspended with immediate effect. Ended 21 / l
albaghdadianews.com
