Jump to content

Cambodia to Join China’s $100 Billion Asia Infrastructure Bank


geovalin

Recommended Posts

Khmer Time/ Ven Rathavong

Cambodia today signed on to a Chinese-backed infrastructure investment bank designed to challenge the economic dominance of the World Bank and the Asian Development Bank (ADB).

Council of Ministers spokesman Phay Siphan said the decision to join the new Asian Infrastructure Development Bank (AIIB) would give the Kingdom more choices for medium and long-term financing as it seeks money to develop.

The decision still requires parliamentary approval which is guaranteed with the government’s majority in the National Assembly.

source: http://www.khmertimeskh.com/news/16703/cambodia-to-join-china---s---100-billion-asia-infrastructure-bank/

Link to comment
Share on other sites


Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.








×
×
  • Create New...
""