More countries say to join China-backed AIIB investment bank

Last Updated: Saturday, March 28, 2015, 21:19

Russia, Australia and the Netherlands on Saturday became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank (AIIB), adding clout to an institution seen as enhancing China`s regional and global influence.

Australia, Russia sign up for China-led AIIB

Last Updated: Saturday, March 28, 2015, 18:48

Australia and Russia on Saturday announced their decision to join the China-funded Asian Infrastructure Investment Bank (AIIB), joining the last-minute rush to sign up to the USD 50 billion bank before the March 31 deadline amid speculation that the US too may apply.

US caught off guard by success of new China-led bank

Last Updated: Thursday, March 26, 2015, 11:39

The success of the new China-led development bank has caught the United States off guard, after it fought the project and now finds itself increasingly isolated.

IMF chief hails AIIB as US mellows down criticism

Last Updated: Monday, March 23, 2015, 19:03

IMF chief Christine Lagarde today hailed China-funded Asian Infrastructure Investment Bank (AIIB) as Beijing reached out to a suspicious US, saying any country willing to join the USD 50 billion multinational lender is welcome.

IMF head welcomes China-backed bank on Beijing visit

Last Updated: Monday, March 23, 2015, 15:20

Lagarde made the comments as she wrapped up a five-day visit to China and after a host of European countries announced their intention to sign up for the China-led Asian Infrastructure Investment Bank (AIIB).

AIIB not a threat to World Bank, others: Indrawati

Last Updated: Sunday, March 22, 2015, 21:13

The World Bank today welcomed the setting up of the Asian Infrastructure Investment Bank and promised full cooperation, dismissing worries that the China-sponsored bank will compete against it or existing regional financial institutions.

AIIB will be compatible with established international lenders: China

Last Updated: Saturday, March 21, 2015, 14:11

China has said that the Asian Infrastructure Investment Bank (AIIB) will be compatible with established international lenders like World Bank and it will not be a competitor to them, as it sought to allay concerns by the US and Japan over the new financial institution.

Australia signals approval of China-based AIIB; Japan divided

Last Updated: Friday, March 20, 2015, 17:16

Australia said on Friday there was a lot of merit in the China-led Asian Infrastructure Investment Bank (AIIB) while Japan`s finance minister signalled cautious approval of the institution that the United States has warned against.

France, Germany, Italy sign up for China-led AIIB bank

Last Updated: Tuesday, March 17, 2015, 19:18

The three European countries followed suit days after the UK became the first Western nation to join the bank disregarding reservations expressed by the US which raised concerns over its transparency.

Defying US, European allies say they'll join China-led bank

Last Updated: Tuesday, March 17, 2015, 18:23

The concerted move to participate in Beijing`s flagship economic outreach project was a diplomatic blow for the United States, reflecting European eagerness to partner with China`s fast-growing economy, the second largest in the world.

France, Germany, Italy to join China-led infrastructure bank: Paris

Last Updated: Tuesday, March 17, 2015, 18:06

The $50 billion Asian Infrastructure Investment Bank (AIIB) has been feted by Beijing as a way of financing regional development, and is seen as a potential rival to US-based institutions such as the World Bank.

Australia considers joining Asian Infra Investment Bank

Last Updated: Friday, March 13, 2015, 13:58

Australia will consider joining the Asian Infrastructure Investment Bank (AIIB), Treasurer of Australia Joe Hockey said on Friday, a day after Britain applied to join the China-proposed bank as a founding member.