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21 nations back new regional lender

Bank is intended to address burgeoning Asian demand for transportation, dams, ports and other facilities
Saturday, October 25, 2014 - 05:50

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CHINA and 20 other countries moved forward on Friday towards setting up an Asian infrastructure lender seen as a counterweight to Western-backed international development banks.

Shanghai

CHINA and 20 other countries moved forward on Friday towards setting up an Asian infrastructure lender seen as a counterweight to Western-backed international development banks.

The signatories put their names to a memorandum of understanding to establish the Asian

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