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  • AIIB and its impact on BRICS' NDB
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    AIIB and its impact on BRICS' NDB The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region. The bank has 52 member states while another 18 are prospective members (as of March 2017) and was proposed as an initiative by the government of China. The initiative gained support from 37 regional and 20 non-regional Prospective Founding Members (PFM), all of which have signed the Articles of Agreement that form the legal basis for the bank. The bank started operation after the agreement entered into force on 25…
    Written on Thursday, 13 April 2017 06:59