The Asian Infrastructure Investment Bank: What, Where, When, Why and How Much

... Western-controlled global financial institutions, China has made simultaneous announcements of expanded cooperation with the IMF and the World Bank and the establishment of a $50 million fund to combat world poverty jointly with the latter. The Chinese media have been making the following pitch in connection with the establishment of AIIB: The world has three power poles – China, the United States and Europe, and three leading currencies – the US dollar, the euro and the yuan. The need for “internationalization” ...