. China officially announced the establishment of infrastructure Asian Bank

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. China officially announced the establishment of infrastructure Asian Bank

 

.. China officially announced the establishment of infrastructure Asian Bank

News Source:Ali Abd al-Salman

 

 

December 26, 2015 7:18

 

Readers Number:3

 

 

 

China's official television channel said Friday, December 25 / December he officially was established Asian Bank for investment in infrastructure, it is expected to start operations in early 2016.

He quoted Chinese Finance Minister Luo Jiwei as saying that the establishment of Bank of Asia came after ratification by 17 founding members -amthelon a little over 50 percent of the share capital on the cramped and impoverished agreement on the bank.

She added that the bank will hold its opening ceremony in mid-January and will elect a president officially.

He said the current Bank President Jean Lee Chun said the bank will focus initially on the financing of projects in electricity, transport and urban infrastructure in the areas of Asia.

Jane added that the bank will act with transparency, integrity and efficiency, playing down concerns relating to transparency and standards of its capital to $ 50 billion in bank control, noting that "there will be no complacency with corruption, and that according to the official Xinhua agency.

Jane and stressed that "our target projects must be sustainable from the financial, environmental and social terms."

He said it would be expected that the Bank offers, who is considered a potential rival to the World Bank and the Asian Bank for Tnumeih- loans with a total value of between ten billion and $ 15 billion annually in the first Oawamh.

He pointed out that the bank is open to the accession of new members, which would gradually reduce the current members of the voting rights and quotas.

It is reported that Chinese President Xi Jinping had proposed the establishment of this bank by less than two years, the Bank has become one of the greatest successes achieved by China in terms of foreign policy.

It is worth noting that despite Washington's opposition to the bank, but that a number of key allies, such as Australia, Britain, Germany, Italy, the Philippines and South Korea, have joined him.

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12/26/2015 00:40

China .. announcement of the establishment of infrastructure Asian Bank

 

 

 

 

BAGHDAD / Obelisk: China's official television channel said on Friday December 25, he officially was established Asian Bank for investment in infrastructure, it is expected to start operations in early 2016.

He quoted Chinese Finance Minister Luo Jiwei as saying that the establishment of Bank of Asia came after ratification by 17 founding members -amthelon a little over 50 percent of the share capital on the cramped and impoverished agreement on the bank.

She added that the bank will hold its opening ceremony in mid-January and will elect a president officially.

He said the current Bank President Jean Lee Chun said the bank will focus initially on the financing of projects in electricity, transport and urban infrastructure in the areas of Asia.

Jane added that the bank will act with transparency, integrity and efficiency, playing down concerns relating to transparency and standards of its capital to $ 50 billion in bank control, pointing out that 'there will be no complacency with corruption, and that according to the official Xinhua agency.

Jin stressed that 'our target projects must be sustainable from the financial, environmental and social terms'.

He said it would be expected that the Bank offers, who is considered a potential rival to the World Bank and the Asian Bank for Tnumeih- loans with a total value of between ten billion and $ 15 billion annually in the first Oawamh.

He pointed out that the bank is open to the accession of new members, which would gradually reduce the current members of the voting rights and quotas.

It is reported that Chinese President Xi Jinping had proposed the establishment of this bank by less than two years, the Bank has become one of the greatest successes achieved by China in terms of foreign policy.

It is worth noting that despite Washington's opposition to the bank, but that a number of key allies, such as Australia, Britain, Germany, Italy, the Philippines and South Korea, have joined him.

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China announces the establishment of infrastructure ADB official

 

 

         

12/27/2015 0:00 

 BEIJING (Reuters) - 

announced in China for the establishment of the Asian Bank for investment in infrastructure, officially is expected to start its operations early next year. 

The state television quoted Finance Minister Luo Jiwei as saying that the Asian Bank establishment came after authentication 17, a founding member of -amthelon little more than About 50 percent of the share capital on the cramped and impoverished agreement on the bank. State television said that the bank will hold its opening ceremony in mid-January and officially will be elected president. The television quoted the elected President of the Bank Jane Lee Chun as saying that the bank will focus initially on the financing of projects in electricity, transport and urban infrastructure in the areas of Asia.Chinese President Xi Jinping proposed establishment by less than two years and became the bank one of the greatest successes achieved by China in terms of foreign policy. 

Despite Washington's opposition to the bank, but that a number of key allies such as Australia, Britain, Germany, Italy, the Philippines and South Korea have joined him. Jin said that the bank will act with transparency, integrity and efficiency, playing down concerns relating to transparency and standards of its capital to $ 50 billion bank control.Told Jane Xinhua «there will be no complacency with corruption.» The «projects that our target must be sustainable from the financial, environmental and social terms.» 

The Jane said that it is expected that the Bank offers, who is a potential rival to the World Bank and the World Bank, Asian Tnumeih- total value of loans ranging between ten billion and $ 15 billion annually in the first Oawamh. 

He pointed out that the bank is open to the accession of new members, which could gradually reduce the current members of the voting rights and quotas.