Tag: Asian Infrastructure Investment Bank (AIIB)
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Kenyan President Emphasizes Infrastructure During Beijing Trip
Kenya’s President William Ruto came to Beijing with a long wishlist. In the run-up to his meeting with Chinese President Xi Jinping, Ruto stressed several key infrastructure projects as key to Kenya’s cooperation with China. Standard Gauge Railway: The ...
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Saudi Finance Minister in Beijing Wraps Hectic Two Days of High Level Talks
Saudi Arabia's Finance Minister Mohammed Al-Jadaan concluded a two-day visit to Beijing on Tuesday that included high-level talks with his counterpart Lan Fo'an and Vice Premier He Lifeng, China's point man on relations with the Kingdom. Al-Jadaan was joined on the trip ...
WEEK IN REVIEW: DRC President Félix Tshisekedi Officially Inaugurated a New Chinese-Built Dry Port
Félix Tshisekedi, the president of the DRC, officially inaugurated a new Chinese-built dry port. The Sakania dry port is on the border with Zambia and will double as a border post and a nerve center in the countries’ cross-border mining industries. Built by Jiayou International Logistics, it is ...
China-Backed AIIB Admits Three New Members, Announces New Climate Finance Initiative
The Chinese-initiated Asian Infrastructure Investment Bank wrapped up its two-day annual meeting in the Egyptian resort city of Sharm El Sheikh on Tuesday and announced that three new members, all non-Asian, would be admitted to the bank. With the addition of ...
WEEK IN REVIEW: ASEAN Kicked off First-Ever Joint Naval Drills in South China Sea on Tuesday
The Association of Southeast Asian Nations (ASEAN) kicked off its first-ever joint naval drills in the South China Sea on Tuesday near Indonesia's Nantuna island. The five-day exercise comes at a sensitive time when many ASEAN members are locked in bitter maritime territorial disputes with China.
Indonesia’s plans to develop its rare earth resources face a geopolitical dilemma because the fastest way to process them relies on China’s dominant technology and supply chains, even as the United States and its allies are urging Jakarta to reduce dependence on Beijing. Photo by AFRIADI HIKMAL / NURPHOTO / NURPHOTO VIA AFP
Indonesia sits on a geological treasure trove of rare earth minerals, and the government is eager to tap into the wealth they could bring. While it knows how to find, mine, and sell the highly sought-after critical materials, it confronts a geopolitical dilemma: The only ...
Kenyan President Emphasizes Infrastructure During Beijing Trip
Kenya’s President William Ruto came to Beijing with a long wishlist. In the run-up to his meeting with Chinese President Xi Jinping, Ruto stressed several key infrastructure projects as key to Kenya’s cooperation with China. Standard Gauge Railway: The ...
Saudi Finance Minister in Beijing Wraps Hectic Two Days of High Level Talks
Saudi Arabia's Finance Minister Mohammed Al-Jadaan concluded a two-day visit to Beijing on Tuesday that included high-level talks with his counterpart Lan Fo'an and Vice Premier He Lifeng, China's point man on relations with the Kingdom. Al-Jadaan was joined on the trip ...
WEEK IN REVIEW: DRC President Félix Tshisekedi Officially Inaugurated a New Chinese-Built Dry Port
Félix Tshisekedi, the president of the DRC, officially inaugurated a new Chinese-built dry port. The Sakania dry port is on the border with Zambia and will double as a border post and a nerve center in the countries’ cross-border mining industries. Built by Jiayou International Logistics, it is ...
China-Backed AIIB Admits Three New Members, Announces New Climate Finance Initiative
The Chinese-initiated Asian Infrastructure Investment Bank wrapped up its two-day annual meeting in the Egyptian resort city of Sharm El Sheikh on Tuesday and announced that three new members, all non-Asian, would be admitted to the bank. With the addition of ...
WEEK IN REVIEW: ASEAN Kicked off First-Ever Joint Naval Drills in South China Sea on Tuesday
The Association of Southeast Asian Nations (ASEAN) kicked off its first-ever joint naval drills in the South China Sea on Tuesday near Indonesia's Nantuna island. The five-day exercise comes at a sensitive time when many ASEAN members are locked in bitter maritime territorial disputes with China.
Saying the Quiet Part Out Loud on Africa’s Green Transition
This has been a week of revealing contrasts, so revealing that a screenwriter might find them a bit on the nose. Most prominent was the global attention focused on the underwater fate of a small group of rich people and the general ...
Little Consensus Over Veracity of Ex-Asian Infrastructure Investment Bank Comms Director’s Accusation of CPC Influence
Bob Pickard, the former head of communications at the Asian Infrastructure Investment Bank in Beijing, is now back home in Vancouver after he accused the Communist Party of China (CPC) of secretly interfering in the bank's operations. Pickard made the accusation in ...
China Hints It May Not Back U.S. Nominee to Lead World Bank
Ajay Banga's candidacy to become the next president of the World Bank encountered turbulence when the Chinese government hinted that it would oppose his nomination. Banga spent the day in the Chinese capital on Wednesday, meeting with Finance Minister Liu Kun, ...
World Bank Nominee Meets Head of China-led Asian Infrastructure Investment Bank
World Bank President-nominee Ajay Banga met with the head of the Chinese-led Asian Infrastructure Investment Bank (AIIB) on Wednesday during his brief trip to Beijing. The AIIB released a short statement after the meeting that said the two discussed "how the ...
World Bank President Nominee in China for Critical Meetings With Finance Leaders
Ajay Banga arrived in Beijing on Wednesday for the latest stop in his worldwide job interview to become the next president of the World Bank. Banga is scheduled to meet with Chinese Finance Minister Liu Kun, various leaders from the People's ...
China’s Current Challenge of the Bretton Woods Institutions Has Been Years in the Making
China’s dispute with the Bretton Woods institutions dates back to at least the Obama era. The U.S. Congress refused to ratify a 2010 plan to recapitalize the IMF, which would have given large emerging economies enhanced voting rights because it could have affected the U.S.’s veto vote.
China-based Development Bank to Ramp Up Lending by $10 Billion a Year
While China's two major policy banks have pulled hard on the reins to curtail development financing in the Global South, the Beijing-based Asian Infrastructure Investment Bank is going in the opposite direction. AIIB's President Jin Liqun told the Financial Times that the ...