| Follow us on:
|
Latest
 |
ANC vote share improves relative to 2016 local government electionsThe 2019 elections have the potential to lift business and investor confidence from present low levels. |
May 13, 2019Comments Off on ANC vote share improves relative to 2016 local government electionsRead More |
|
This year, the number of exhibitors from 19 other African countries rose to 257 from 229.
May 6, 2019Comments Off on Date shift impacts on Africa’s Travel IndabaRead 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.