You are here

Critics see AIIB as a China bank

Man behind the aborted Asian Monetary Fund plan says governance shortcomings in the bank are seen as its weak point.

China's President Xi Jinping (fourth from right) meeting guests at the Asian Infrastructure Investment Bank launch ceremony at the Great Hall of the People in Beijing in October, 2014.

A LEADING Asian nation proposes a new regional financial institution but the idea meets with opposition from the US and others while creating something of an international stir. It could be China's Asian Infrastructure Investment Bank (AIIB) but in 1997 it was Japan's plan for an Asian Monetary