UPDATE 1-World Bank should join China-led bank in syndicated loans

April 17, 2015 2:32 AM

65 0

WASHINGTON, April 16 (Reuters) - The United States and Japan want the World Bank and Asian Development Bank (ADB) to team up with a new Chinese-led development bank in syndicated loans, as a way of helping the new lender establish strong standards, Japan's finance minister said.

Washington and Tokyo are leading members of the World Bank and ADB, respectively, and have been wary of joining China's new Asian Infrastructure Investment Bank (AIIB), with U.S. officials in particular voicing concern over its lending standards.

Read more

To category page