China-backed AIIB approves $509 million for first four projects

[Disir]

BEIJING (Reuters) – The board of China-backed Asia Infrastructure Investment Bank (AIIB) approved $509 million in investments for its first four projects on Friday.

Three of the four projects are co-financed with the World Bank, the Asian Development Bank, the United Kingdom Department for International Development and the European Bank for Reconstruction and Development.

China-Backed AIIB Approves $509m for First Four Projects | World Affairs Journal

Let's see what they can do. Hopefully, it can give the IMF the finger.

 

[Moonglow]

China also told the US they want them to invest 38 billion alone..

 

[Disir]

Ya, and I would be interested in knowing what "American" bank has been chosen to operate as part of the yuan clearing network.