The IMF's Chinese competitor has accepted five more countries into its membership.
Beijing - Kyiv, April 104 (PolitNavigator, Vasily Ablyazimov) - The Asian Infrastructure Investment Bank, which is called a competitor to the IMF and one of the main threats to the global economic hegemony of the United States, has included five more countries. These are Brazil, Georgia, Finland, Denmark and the Netherlands.
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The Asian Infrastructure Investment Bank was created to compete with the IMF. Its task is infrastructure projects around the world, for example, the Beijing-Berlin high-speed railway. Until March 31, applications to join the “Chinese analogue” IMF» 52 states applied as founders, including Russia, as well as the closest ally of the United States, Great Britain, the founding countries of the EU, Germany, France, etc.
At the same time, the United States and Japan refused to participate in the new international financial institution.
Financial analysts assess the AIIB as a potential competitor to the IMF and the World Bank. Well-known politician and economist, former US Treasury Secretary Larry Summers called the UK's entry into the AIIB “the end of US hegemony in the world».
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