AIIB to Start Lending by Mid-2016
By JC Collins
The Asian Infrastructure Investment Bank will hold its inaugurating ceremony on January 16th in Beijing. These opening board meetings of the China-led development bank will establish the management team of the bank and name a president.
Founding members of the bank include the BRICS members, ASEAN members, and EU countries such as Germany, France, Italy, and staunch American ally, the United Kingdom. The founding members of the AIIB total 57, with more members welcome in the future.
The implementation of this bank, and the diverse founding members list, amounts to a drastic shifting in America’s hegemonic monetary positioning in the world. Alliances are shifting, which is semi-isolating US interests across a broad spectrum of socioeconomic and geopolitical fronts.
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