国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / View

AIIB agreement meets high standards, implementation to be 'real test'

(Xinhua) Updated: 2015-07-24 13:26

WASHINGTON - The Agreement of the Asian Infrastructure Investment Bank (AIIB) meets international high standards, but faces a key test of implementation as the China-initiated institution aims to start operation at the end of the year, a US expert said.

"AIIB's Articles of Agreement is very similar to that of the World Bank," David Dollar, senior fellow with the Brookings Institution and former official of the World Bank and the US Treasury Department, told Xinhua in an interview, referring to the 60-article agreement that outlined the governance structure and policy-making mechanism of the new multilateral institution.

"I think it's quite impressive that China pulled together this initiative and got nearly 60 countries to sign up, putting together these professional and international-standard articles of agreement," Dollar said, who also works as an unpaid consultant to the AIIB.

According to the articles, the bank will have an authorized capital of $100 billion, with $29.78 billion provided by China, as the bank's largest shareholder holding a 30.34 percent stake and 26.06 percent of voting shares.

As the bank goes from theory to reality, "the real test is going to be implementation," Dollar said, noting that implementation is often very slow in the World Bank and "the clients complain about this."??

China has formally nominated Jin Liqun, secretary-general of the interim multilateral secretariat for establishing the AIIB, as candidate for the first president of the bank.

"So I know the challenge for Jin?is... can this bank be more efficient, can it operate quickly and still meet high environmental standards?" Dollar said.

Jin has spent the past few months shuttling between countries to convince them to join the bank and has earned a reputation for his flexible approach.

"I had opportunities to interact with him for a long time, so I have very high regard for his abilities," Dollar said, noting that Jin had represented China in the World Bank while serving as vice president of the Asian Development Bank, a senior official of China's sovereign fund and the country's vice finance minister.

"He has lots of experience with development banks. So I think he is the excellent choice to head the bank," Dollar said.

The bank is expected to start operation at the end of the year under two preconditions: at least 10 prospective members sign the agreement and the initial subscribed capital is no less than 50 percent of the authorized capital.

Dollar believed money will not become a problem for the bank's operation as it's well capitalized.

Hot Topics

Editor's Picks
...
黎城县| 仪征市| 广宗县| 水富县| 尤溪县| 定陶县| 周宁县| 惠安县| 大庆市| 朝阳区| 和静县| 平陆县| 宣武区| 黄平县| 邵阳县| 伊金霍洛旗| 泉州市| 明水县| 黔南| 宝兴县| 花垣县| 浙江省| 宁夏| 屯昌县| 灵宝市| 阿巴嘎旗| 甘德县| 民权县| 宜兰县| 万安县| 苗栗县| 临颍县| 邢台市| 高安市| 荃湾区| 华安县| 横山县| 建德市| 芦山县| 鄂伦春自治旗| 靖远县|