News leaked a couple of years ago that China was promoting establishment of the Asian Infrastructure Investment Bank. The AIIB will compete for project funding against the IMF, World Bank, and Asia Development Bank, all seen as being under the thumb of the U.S., Europe, and Japan.
Entries in Asia Development Bank (3)
By Richard L. Cassin and Hui Zhi | Thursday, April 2, 2015 at 6:58AM
By Richard L. Cassin | Thursday, April 18, 2013 at 6:28AM
Canada's scandal-plagued SNC-Lavalin has been barred from World Bank-funded projects for ten years because of alleged corruption in Bangladesh, Cambodia, Libya, and Algeria.
By Jessica Tillipman | Monday, October 15, 2012 at 4:55AM