Saudi Arabia, Tajikistan to join Beijing-backed development bank

[Viet]

If not a penny for VN, why your govt joined? Only to show support for China? That's something you don't have to worry about, your govt is much knowledgable than you.
IMF&WB is criticized for applying strict additional conditions for a loan, and that's why AIIB is welcomed by developing countries. AIIB is setup to distribute unconditional loans to developed countries.

we have learned from the history over and over again. if we don´t join, you will certainly stage another round of provocation. nobody can predict your behaviour. vietnam thanks economic recovery to worldbank and asian development bank, so many other developing countries in the region. I don´t see that will change any time soon.

is it true, AIIB is setup to distribute unconditional loans to developed countries? not poor, but only rich countries?
can we get money to increase our presence in the SC Sea?

 

[LittleFish]

we have learned from the history over and over again. if we don´t join, you will certainly stage another round of provocation. nobody can predict your behaviour. vietnam thanks economic recovery to worldbank and asian development bank, so many other developing countries in the region. I don´t see that will change any time soon.

is it true, AIIB is setup to distribute unconditional loans to developed countries? not poor, but only rich countries?
can we get money to increase our presence in the SC Sea?

You can try if you insist I think in the treaty there must be an item "Infrastructure here doesn't include any building activities in disputed areas." Don't take us as idiots.

 

[Tom99]

The goal of AIIB is not to replace any international lending institutions, the like of ADB, WB or IMF. However, it is created to better serve Asia countries with costly infrastructure projects. Any Asian countries still can get loans from other lenders , but how they have another choice that is not controlled by Washington, EU or Japan interest.

Competition will be good for borrowers.(This is one of the reason why Washington and Japan opposes it)

 

[Edison Chen]

Yes, it is also a huge assistance to “One Belt and One Road” policy. China can export infrastructure through AIIB, aka through the internationalization of CNY, China can maximize the flow direction of the construction capital. The CNY is the carrier of exporting Chinese product and capital, the more we participate in helping build infrastructures, the more internationalized CNY will be. Many residents of those countries included in economic silk road have great confidence in CNY, Chinese government also sign currency swap agreement with them, to mitigate the exchange risk of USD in international trade. In some Southeast Asia countries, Yuan is popular. Through AIIB and “One Belt and One Road”, we will increase the use of the CNY trade settlement in relevant countries and valuation ratio. Now, China Yuan is the fifth largest trade settlement currency in the world, IMF and China have agree to proceed CNY as the next global reserve currency.

China-IMF talks underway to endorse yuan as global reserve currency | The BRICS Post