Tag: World Bank and Asian Development Bank

• Tuesday, June 30th 2015 - 06:46 UTC

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

  

  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.