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AIIB: Myths, vested interests, reality

A formidable competitor to World Bank and ADB, the new bank will benefit developing Asian countries and also serve several objectives for China.

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China's Finance Minister Lou Jiwei signs a document, with the guests of the signing ceremony of the Asian Infrastructure Investment Bank at the Great Hall of the People in Beijing.

ON Oct 21, 21 Asian countries became founding members of the China-led Asian Infrastructure Investment Bank (AIIB). These were Bangladesh, Brunei, Cambodia, China, India, Kazakhstan, Kuwait, Laos, Malaysia, Mongolia, Myanmar, Nepal, Oman, Pakistan, Philippines, Qatar, Singapore, Sri Lanka,...

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