canada to apply to join chinabacked aiib
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Canada to Apply to Join ChinaBacked AIIB

Arab Today, arab today

Arab Today, arab today Canada to Apply to Join ChinaBacked AIIB

Canada will apply to join the China-backed Asian Infrastructure Investment Bank (AIIB), Ottawa's finance
Washington - Arab Today

Canada will apply to join the China-backed Asian Infrastructure Investment Bank (AIIB), Ottawa's finance department said Wednesday, in a coup for Beijing after Washington had tried to dissuade U.S. allies from signing up. 


"Canada is always looking for ways to create hope and opportunity for our middle class as well as for people around the world," Finance Minister Bill Morneau said in a statement issued in Beijing. 


"Membership in the AIIB is an opportunity to do just that." 


The Beijing-based lender has been viewed by some as a rival to the World Bank and the Philippines-based Asian Development Bank, which was founded in 1966. 


Critics worried that it would set much lower standards for projects and undermine principles of social, environmental and economic sustainability adhered to by the World Bank and other multilateral development finance institutions. 


AIIB president Jin Liqun welcomed Canada's decision, which he said "shows its confidence in the strong foundations the bank has built in our first few months". 


The United States, and Japan -- the world's largest and third-largest economies, respectively -- have notably declined to join the bank. 


The announcement came during Prime Minister Justin Trudeau's visit to China, where he met Prime Minister Li Keqiang to try to strengthen ties before the G20 summit this weekend in Hangzhou

Source: NNA

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

canada to apply to join chinabacked aiib canada to apply to join chinabacked aiib

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

canada to apply to join chinabacked aiib canada to apply to join chinabacked aiib

 



GMT 13:10 2017 Friday ,13 October

Germany 'not ready' to sell Commerzbank stake

GMT 05:35 2018 Wednesday ,24 January

Bahrain Bourse daily trading performance

GMT 01:01 2017 Tuesday ,15 August

8 killed in US Drone strike in Pakistan

GMT 01:29 2017 Friday ,27 October

Apr21/May21

GMT 01:49 2017 Thursday ,10 August

Saudi-Indian relations discussed

GMT 19:17 2017 Tuesday ,03 October

Russian deputy trade minister arrives in Cairo

GMT 17:55 2017 Thursday ,24 August

Southgate salutes Rooney after England retirement

GMT 02:05 2017 Tuesday ,03 October

July24th-August23rd

GMT 12:39 2017 Monday ,13 March

Arsenal keeper Cech leaps to defence of Sanchez

GMT 18:21 2016 Saturday ,24 December

Sisi tours NCIC new chlorine, caustic soda factory

GMT 08:23 2017 Wednesday ,08 March

Video emerges of 'son' of assassinated Kim Jong-Nam

GMT 00:52 2016 Sunday ,11 December

Iranian army's ground forces to conduct major drills

GMT 02:32 2017 Sunday ,10 September

3 dead amid violent US white nationalist rally

GMT 16:32 2017 Saturday ,25 November

Tsonga downs Darcis to level for France

GMT 04:38 2016 Tuesday ,06 December

Civilians injured in Baghdad blast
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday