Tuesday, February 27, 2018

Asian Infrastructure Investment Bank

   From 2014-5 China is the largest member country of their AIIB (Asian Infrastructure Investment Bank) with 27.8 percent of voting power, followed by India (8 percent), Russia (6.3 percent), Germany (4.4 percent), and South Korea (3.7 percent).  https://gbtimes.com/china-led-aiib-approves-first-loan-india
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3-22-17   The approved applicants include eight non-Asian countries - Canada, Belgium, Ethiopia, Hungary, Ireland, Peru, Republic of Sudan and Venezuela - and five regional members - Hong Kong, Afghanistan, Armenia, Fiji and Timor Leste.  https://www.reuters.com/article/us-china-aiib/china-led-aiib-approves-13-new-members-canada-joins-idUSKBN16U0CG

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a few cases:   Germany, France, Italy, U.K., Russia, Australia, Brazil, Denmark join AIIB 2015
Switz, Poland join AIIB 2016
Argentina, Tonga, Canada, Iran join 2017; full readout (except for UK) on membership AIIB and voting at:
https://www.cgdev.org/blog/aiib-growing-pains-and-opportunities-three-takeaways
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add in Canada, Argentina, ...
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AIIB, hq at Beijing.           China’s decision to fund a new multilateral bank rather than give more to existing ones reflects its exasperation with the glacial pace of global economic governance reform.  The same motivation lies behind the New Development Bank established by the BRICS (Brazil, Russia, India, China and South Africa).  Although China is the biggest economy in Asia, the ADB (Asian Development Bank) is dominated by Japan; Japan’s voting share is more than twice China’s and the bank’s president has always been Japanese.  Reforms to give China a little more say at the International Monetary Fund have been delayed for years, and even if they go through America will still retain far more power.  China is, understandably, impatient for change.  It is therefore taking matters into its own hands.  https://www.economist.com/blogs/economist-explains/2014/11/economist-explains-6
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https://www.cgdev.org/blog/aiib-growing-pains-and-opportunities-three-takeaways
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-Steven et. alia:  Unwinding of Globalist Dream, Nov. 2017, p. 244   see https://books.google.com/books?id=r0NBDwAAQBAJ&pg=PA257&lpg=PA257&dq=russia+aiib&source=bl&ots=0EykVo-f9a&sig=4voDnSJl6J1GYaRAkZSqrWXmRHQ&hl=en&sa=X&ved=0ahUKEwiunbuw_cbZAhWKEbwKHS8iCWcQ6AEI1AEwHA#v=onepage&q=russia%20aiib&f=false
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