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|BRUSSELS Air Jordan Retro For Sale Womens , Jan. 23 (Xinhua) -- China does not control or dominate the decision-making of the Asian Infrastructure Investment Bank (AIIB), the bank's president Jin Liqun reiterated here on Monday.
As a Beijing-headquartered multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond, AIIB now counts 84 members -- rising from 57 at its commencement two years ago.
AIIB has been applying high standards of governance based on international best practices to build the institution, Jin said in a speech to an event jointly hosted by think tanks the Bruegel and the Egmont Institute, noting that only 18 months into operation the bank received top ratings from all three international credit rating agencies.
The rating agencies once asked "how does China control this bank, how does China dominate the decision-making of this bank" Air Jordan Shoes For Sale Womens , Jin said.
"The answer is a straightforward no." Jin said, recalling the conversation at the time. "We don't feel it at all in the management team."
Asian countries account for 75 percent of AIIB's shares and non-Asian countries altogether account for 25 percent, which translate to voting power, but three out of the bank's five vice presidents are European.
"Belgium would be a full member very soon. I'm looking forward to Belgium's full membership in a couple of weeks or months," Jin said to the European audience. "I want Europeans to join this bank."
"In our executive committee meeting, we discuss thoroughly every issue before we reach consensus on making any decision. No decision has ever been made without thorough debate in the executive committee...It never ever has happened Air Jordan For Sale Womens ," he said.
INDIA IS MAIN BORROWER
While Jin did not in his speech address the AIIB's specific projects and borrowers, an analysis of the bank data shows that India has so far become AIIB's main borrower.
The bank's website lists 24 approved projects in 12 countries, with loans exceeding 4.2 billion U.S. dollars. Among them, there are five Indian projects totaling 1.074 billion, or more than a quarter of the lending.
That is in stark contrast with earlier fears -- largely from the West -- that China would channel money through AIIB to its "friends" over its "rivals", experts noted.
Available evidence shows that AIIB focuses on capacity of its projects to yield future returns Jordan Retro For Sale Womens , reflecting a sensible market-oriented objective approach as a development finance institution, Amitendu Palit, Senior Research Fellow at the Institute of South Asian Studies at the National University of Singapore, wrote in an email to Xinhua.
There is little possibility of China "favouring" any of its "friends" through the AIIB given its multilateral character and the fact that the quality of projects is the main criteria for funding, Palit added.
"I had got very clear message from the Chinese authority: this (AIIB) is going to be an international bank; (it) is not a Chinese bank and I would do it independently," Jin said at the end of his speech.
by Eric J. Lyman
ROME Jordan Shoes For Sale Womens , Aug. 3 (Xinhua) -- The newly-elected head of the Rome-based International Fund for Agricultural Development (IFAD) Gilbert Houngbo said in an exclusive interview with Xinhua that China's success in raising millions out of poverty over the last two generations can make it a useful model for other economies in transition.
"Even as a symbol, China's economic transition offers hope to other developing countries that want to do the same thing," the IFAD chief said in the interview.
"In specific terms, there are lessons China has learned, technologies developed, for example Air Jordan Retro For Sale Websites , or ways to adapt to floods or drought, that can be very helpful when applied in other places," said Houngbo, who's a former prime minister of Togo.
"China experiences many of the challenging issues faced by both developed and developing countries," Houngbo said.
He cited China's urbanization process as an example, saying the "tremendous economic growth" China experienced in recent decades presents it with an unusual set of difficulties Air Jordan Shoes For Sale Websites , such as large numbers of would-be farmers leaving the countryside for urban areas. Over time, a trend like that reduces the number of people left to grow food.
"There are 3 million or more Chinese who move into cities every year," Houngbo said, adding "That's an astonishing number: every three years or so, it adds up to more than the entire population of my native country, Togo."
The IFAD chief gave his own advices on China's urbanization Air Jordan For Sale Websites , calling for more infrastructure building for people living rural areas.
"The best way to solve that specific problem is to provide social protection and services like fast internet or access to medical care outside urban centers to act as an incentive for people to stay in rural regions," Houngbo said.
Houngbo is on a multiple-country trip, which will take him to African countries like Botswana and Zambia. He will also make stops in Sweden, Denmark and Finland, before finishing the month with a trip to China.
The China trip is a key one, Houngbo told Xinhua Jordan Retro For Sale Websites , noting that the country is one of a small handful in the world that is both a major borrower from IFAD and a major contributor.
Having 176 members, IFAD has been working to combat poverty and malnutrition in developing countries through agriculture assistance.
Faced with the challenges of helping the world's poor-fed population, the organization's 10th three-year budget period concludes at the end of next year, forcing it to gear up its fund-raising efforts for a new budget period.
And the final year of each budget period is the key year when countries are making their pledges for the next three-year cycle.
The IFAD chief also warned of an upcoming more difficult time for farmers, citing rising temperatures and unpredictable we.