Nepal government on Sunday tabled the article of agreement of the Asian Infrastructure Investment Bank (AIIB) at its parliament to legally become the founding member of the China-initiated bank.
The Asian Infrastructure Investment Bank (AIIB) that is scheduled to start operations in January is expected to fund its first batch of projects in as early as the second quarter next year, fulfilling its commitment to supporting Asia's infrastructure development and connectivity.
To boost infrastructure development, governments must provide far more detailed project plans and better regulatory frameworks to attract private investors, experts said here on Thursday.
A senior official with the International Monetary Fund (IMF) ruled out Wednesday that the Asian Infrastructure Investment Bank (AIIB) would pose a threat to the influence of his Washington-based international organization in the Middle East and Central Asia region.
U.S. President Barack Obama said Tuesday that the United States didn't oppose other countries to join the China-proposed Asian Infrastructure Investment Bank ( AIIB) and that it looks forward to collaborating with the new multilateral institution.
The Indonesian government has planned to accelerate infrastructure development in maritime sector aimed at materializing President Joko Widodo's ambitious plan to make the as world's maritime axis, a minister said here Monday.
The Australian government has given clear signals that it will change its decision on the Asian Infrastructure Investment Bank (AIIB).
Despite outside worries that a China-led development bank will challenge the established order of multilateral lenders, the IMF, World Bank and other leading global lenders have welcomed collaboration with the new bank to fill Asia's infrastructure gap.
Indonesia is keen to welcome more of China's involvement to assist the country's efforts in pursuing higher growth, President Joko Widodo said on Saturday.
The World Bank welcomes the Asian Infrastructure Investment Bank (AIIB) and will closely cooperate with the China-proposed institution, World Bank Managing Director Sri Mulyani Indrawati said Sunday.
In recent years, the West has conjured up fantastic theories like "neocolonialism", "China is exploiting Africa's resources," etc., effectively throwing mud at China over its win-win cooperation with Africa.
The World Bank on Thursday launched an initiative to bridge the private sector with the need of developing countries and emerging markets on infrastructure construction.
China Unicom, a major state-owned telecom company, said on Friday it will partner with U.S. electric carmaker Tesla to build charging stations in 120 cities to expand the service network for electric cars.
If trade used to dominate discussions on regional integration, leaders in southern Africa have now decided to give industrialization a boost.
Indonesian is in search of huge amount of funds to finance its ambitious infrastructure projects that are vital for the country to continue to attain high growth in the years to come.
Indonesia highly expects APEC economies to approve its initiatives to advance trade, investment, infrastructure and connectivity among members of the regional economic forum at the Senior Officials Meeting (CSOM) scheduled to end on Wednesday.
Indonesia, the largest economy in Southeast Asian region, is making ready for the country's integration into ASEAN Economic Community (AEC) in 2015 by improving competitiveness.
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