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AIIB to boost financing for green projects--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
The Indian government was quick to clamp down on Chinese companies and impose restrictions following the bloody stand-off at the border last year. But a few months after the incident, Chinese companies are still winning contracts for many sensitive projects in the country. This has raised questions over the governments ‘tough stance on China. ....
29 December 2020 Author: Chris Legg, Melbourne The Asian Infrastructure Investment Bank’s (AIIB) recently released 10-year Corporate Strategy will provide a much-needed anchor for the Bank’s operations as it seeks to pivot back to core business and away from the focus on members’ emergency COVID-19-related needs. Multilateral development banks (MDBs) like the AIIB struggle to resist mission creep when under pressure from diverse memberships and ambitious managements. The Corporate Strategy reaffirms some important foundational elements of its purpose. There is a clear focus on infrastructure project financing, albeit with ambition to play a bigger role in assisting project preparation. Provision of policy advice is largely left to others with greater capacity for such dialogue, such as the Asian Development Bank and the World Bank, thereby also managing potential sensitivities regarding the Bank’s largest shareholder. ....
Masum Billah, Staff Correspondent, bdnews24.com Published: 24 Dec 2020 09:50 AM BdST Updated: 25 Dec 2020 01:43 AM BdST Bangladesh had shown interest in joining the New Development Bank, or BRICS Bank, when it was coming into being in 2014 only for it to lean towards the China-sponsored Asian Infrastructure Investment Bank for funds. ); } Abul Maal Abdul Muhith, then the finance minister, had told bdnews24.com that the government had not been thinking much about BRICS Bank due to its sluggishness at the time and would consider joining it once it picked up speed. Six years on, Bangladesh has agreed to be a part of the BRICS Bank initiative at a time when the bank has amassed $100 billion with an initial capital of $50 billion. ....