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Global devt banks close ranks as AIIB launch nears

6 MDBs plus IMF pledge US$400 billion in financing over 3 years to meet UN's Sustainable Development Goals


FOR the second time in a matter of months, the world's leading multilateral development banks have come together to express solidarity as the start of operations by the rival China-led Asian Infrastructure Investment Bank (AIIB) and the BRICS Bank approaches.

Last November,...