IMF happy to cooperate with China-led infrastructure fund

first_img Show Comments ▼ whatsapp whatsapp Tags: Chinese economy IMF IMF happy to cooperate with China-led infrastructure fund THE International Monetary Fund will be “delighted” to cooperate with the China-led Asian Infrastructure Investment Bank (AIIB), said IMF managing director Christine Lagarde yesterday.Lagarde added that there is “massive” room for cooperation with AIIB on infrastructure financing.The World Bank will also cooperate with the AIIB, Lagarde told a conference in Beijing.Her comments come after a number of countries said they would participate in the new bank slated to start operations by the end of the year, even as others raised concerns over potential competition with other lenders.The AIIB is a Chinese-backed development bank that will fund Asian energy, transport and infrastructure projects. Set up in Beijing last year, the bank is seen as a rival to Western-centric financial institutions such as the World Bank. The UK’s decision to become the Western economy to apply for the membership of the development bank drew the ire of Washington who questioned AIIB’s transparency standards and environmental and social safeguards. France, Italy and Germany have since followed the UK’s lead by also applying for membership. center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbeszenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesComedyAbandoned Submarines Floating Around the WorldComedyMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.comTheFashionBallPrince Harry Admits Meghan Markle May Not Be The OneTheFashionBall Monday 23 March 2015 12:15 am Express KCS Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofBest Wine Gifts & Wine Accessories at Every PriceGayotCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Prooflast_img