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China's 'World Bank' takes off at ceremony with delegates from 50 countries

Tuesday, June 30th 2015 - 06:46 UTC
Full article 7 comments

China has hosted the signing ceremony of the Asian Infrastructure Investment Bank (AIIB), a new international financial institution set to rival the World Bank and Asian Development Bank. Delegates from 50 countries signed articles that determine each member's share and the bank's initial capital. Read full article


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  • Skip

    I believe Australia is the 6th largest contributor.

    Jun 30th, 2015 - 07:32 am - Link - Report abuse 0
  • Orbit

    Initial tests on their systems are looking good I hear, Argentina was brought in to smoke test the bad debtor algorithms and claw back workflow. A loan of the equivalent of USD 100 was made, and already a junior operator in the credit risk department has scanned in 2 IOUs and attached a pdf of letter denouncing their final demand as an attack on Argentina 's sovereignty.

    “The use case worked beautifully” commented project manager Ivor Bik-wan. “the funniest thing was that we didn't actually lend them the money, it was a test trade out of our UAT system”.

    Jun 30th, 2015 - 07:33 am - Link - Report abuse 0
  • Brasileiro

    Brazil is the ninth. Ahead of England.

    Jun 30th, 2015 - 10:36 am - Link - Report abuse 0
  • ChrisR

    England doesn't lend money you twat.

    It's like Sao Paolo funding to the World Bank.

    It's the United Kingdom or Great Britain.

    You are SO stupid.

    As they say: we will see what we will see.

    Will China 'man-up' and behave as the World Statesmen they are supposed to be or will it be “all for them”.

    Ha, ha, ha.

    Jun 30th, 2015 - 11:31 am - Link - Report abuse 0
  • Skip

    Yeah I followed Brasilero's link and didn't see that England had joined.

    All that BRICS solidarity and taking over the world and Australia.... one of the Five Eyes..... outvotes Brazil!


    Jun 30th, 2015 - 12:05 pm - Link - Report abuse 0
  • Briton

    China's 'World Bank' ==

    What is to stop Greece asking them for a bail out,

    Jun 30th, 2015 - 06:57 pm - Link - Report abuse 0
  • 313toBioBio

    If China is so powerful...why did the US absorb Cuba? The biggest champions for Chinese development are Hugo Chavez and Cristina Fernandez.

    Jul 03rd, 2015 - 03:05 am - Link - Report abuse 0

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