Asian Infrastructure Investment Bank

This tag is associated with 73 posts

The Eurasian Big Bang: How China And Russia Are Running Circles Around Washington – OpEd

By Pepe Escobar, originally posted July 23, 2015 on TomDispatch Let’s start with the geopolitical Big Bang you know nothing about, the one that occurred just two weeks ago. Here are its results: from now on, any possible future attack on Iran threatened by the Pentagon (in conjunction with NATO) would essentially be an assault on the planning … Continue reading 521 Origin Down

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Is The U.S. Trying To Crash China’s Market To Counter The Rising Clout Of The BRICS, SCO, EEU?

By Mahdi Darius Nazemroaya The tide is changing. The world is no longer dominated by the U.S., Western Europe, and Japan. The Group of Eight (G8), which reverted to the Group of Seven (G7) in 2014, has been displaced by the BRICS, which is why Russia was not bothered when it was expelled from the G8/G7 … Continue reading

De-Dollarization: The Dollar Is Slowly Losing Its Status As The Primary Reserve Currency

By Jeff Desjardins, Visual Capitalist The dollar has been a stalwart of international trade over the majority of the last century. Around the time of the formation of the Eurozone, it reached its recent peak at 71.0% of official foreign exchange reserves. Since then, its composition of global reserves has more recently dropped to a more modest … Continue reading

The BRICS And SCO Sow Panic In Exceptionalistan

By Pepe Escobar As austerity-ravaged Europe watches its undemocratic “institutions” grapple with the Greek tragedy, and the US backtracks on a fair nuclear deal with Iran, geopolitical tectonic plates are shifting in the Urals. Can you feel an inchoate multipolar world? Well, just look right here at the BRICS 2015 Ufa declaration. The EU is hardly … Continue reading

The BRICS/SCO Summit(s) In Ufa Marks The Start Of A Silk World Order

By Mahdi Darius Nazemroaya Get ready for ground shattering geopolitical changes. At the crossroads of Asia and Europe, it has been decided that the Russian city of Ufa will be the point of convergence for all the initiatives and projects of the Silk World Order of trade and integration that China and Russia are spearheading. Ufa, … Continue reading

BRICS Bank To Start Lending In Local Currencies In Q1 2016, President Says

The $100 billion New Development Bank (NDB), also known as the BRICS bank, which comprises of the members of the BRICS grouping of emerging market nations — Brazil, Russia, India, China, and South Africa — will start lending in local currency by April 2016 and its member countries will be the primarily focus of the bank, K.V. Kamath, the President of … Continue reading

BRICS Launch New $100 Billion Bank, Sign Agreement On $100 Billion Currency Reserve Pool

The BRICS grouping of emerging market nations — Brazil, Russia, India, China, and South Africa — have launched their $100 billion New Development Bank (NDB) — also known as the BRICS bank — and have signed an agreement on their $100 billion currency reserve pool — also known as the Contingent Reserve Arrangement (CRA) — ahead of the summit of SCO and BRICS being held in the Russian … Continue reading

China Ratifies The Freshly-Minted BRICS Bank

China has officially ratified the creation of the $100 billion New Development Bank (NDB), also known as the BRICS Bank, China’s state-run Xinhua news agency reports on Wednesday. China’s Parliament has ratified the creation of the $100 billion New Development Bank (NDB), also known as the BRICS Bank, China’s state-run Xinhua news agency reports on Wednesday. The BRICS grouping … Continue reading

China Officially Launches The Asian Infrastructure Investment Bank (AIIB)

The Chinese-led Asian Infrastructure Investment Bank (AIIB) officially launched on Monday following a signing ceremony of the bank’s articles of association that took place in Beijing. Chinese President Xi Jinping greeted 300 delegates from the bank’s fifty-seven founding-member countries where they would later determine the total share capital, each member’s voting share of capital, the governance structure, decision-making mechanism, and operational … Continue reading

Ahead Of Historic AIIB Event: China Says Will Hold 30.3% Stake, Russia Says Will Become Key Manager

Today, delegates from prospective founding members of the $100 billion Asian Infrastructure Investment Bank (AIIB) will converge in Beijing for a historic signing ceremony centered on the bank’s legal framework, which will lay down the rules, including each member’s share and voting powers, decision-making processes, and the bank’s initial capital. Ahead of the AIIB ceremony, China says that it will hold … Continue reading

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