| Follow us on:
|
Latest
 |
BRICS New Development Bank registers Russian ruble bond programmeBy the end of 2018, the total loan book of the bank was 30 projects worth approximately $8 billion. |
November 25, 2019Comments Off on BRICS New Development Bank registers Russian ruble bond programmeRead More |
|
The AIF had 2,221 participants who came from 109 countries, 48 from Africa and 61 from outside of Africa.
November 16, 2019Comments Off on African Investment Forum success due to ‘hard work’ Read More
Today, African travelers no longer need a visa to travel to a quarter of other African countries.
November 14, 2019Comments Off on African Development Bank notes improvement in African Visa OpennessRead More
If Africa does not change current policies on energy use, it won't achieve the 2030 target of universal electricity.
November 12, 2019Comments Off on IEA sees bright outlook for African EnergyRead More
© 2017 BRICS Media Limited. All rights reserved. Registered in England and Wales. No.8133697. Registered office: Devonshire House 60 Goswell Road London, EC1M 7AD
57 founding members, many of them prominent US allies, will sign into creation the China-led Asian Infrastructure Investment Bank on Monday, the first major global financial instrument independent from the Bretton Woods system.
Representatives of the countries will meet in Beijing on Monday to sign an agreement of the bank, the Chinese Foreign Ministry said on Thursday. All the five BRICS countries are also joining the new infrastructure investment bank.
The agreement on the $100 billion AIIB will then have to be ratified by the parliaments of the founding members, Chinese Foreign Ministry spokesman Lu Kang said at a daily press briefing in Beijing.
The AIIB is also the first major multilateral development bank in a generation that provides an avenue for China to strengthen its presence in the world’s fastest-growing region.
The US and Japan have not applied for the membership in the AIIB.