China’s Asian Infrastructure Investment Bank: Knowns, Unknowns
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The Americans and Japanese are holding out, there’s scuffles in Taiwan and the Colombians appear to want a redo of the title. Hurdles aside, China’s 18-month-old plan to start the first new multilateral development lender in decades has won support from governments around the world.
More than 40 countries have applied by Tuesday’s deadline to be founding members of the Asian Infrastructure Investment Bank. Now we await details on how the upstart institution will operate. Here is what we know, and what we don’t, so far: