US frets as major EU powers join new China-led ‘World Bank’

A joint statement from France, Germany and Italy on 17 March 2015 showed their intention to become founding members of the Asian Infrastructure Investment Bank (AIIB), following the leading steps of the United Kingdom.

Reacting to this decision, the United States urged countries to think twice before signing up to this new China-led Asian development bank that Washington sees as a rival to the World Bank.

• Primary Source

Foreign Policy, 17.03.15: Britain Launches European Rush to Join AIIB. Now What? https://foreignpolicy.com/2015/03/17/uk-washington-china-world-bank/

BBC News, 17.03.15: France and Germany join UK in Asia bank membership http://www.bbc.co.uk/news/business-31921011

The Guardian, 13.03.15: US anger at Britain joining Chinese-led investment bank AIIB http://www.theguardian.com/us-news/2015/mar/13/white-house-pointedly-asks-uk-to-use-its-voice-as-part-of-chinese-led-bank

United Kingdom: GOV.UK: HM Treasury: News, 12.03.15: UK announces plans to join Asian Infrastructure Investment Bank https://www.gov.uk/government/news/uk-announces-plans-to-join-asian-infrastructure-investment-bank

EUObserver, 18.03.15: France and Germany to join UK on Chinese-led investment bank https://euobserver.com/eu-china/128029

Wikipedia: Asian Infrastructure Investment Bank http://en.wikipedia.org/wiki/Asian_Infrastructure_Investment_Bank

The Conversation, 09.04.15: China’s new investment bank challenges US influence on global economics http://theconversation.com/chinas-new-investment-bank-challenges-us-influence-on-global-economics-39978

Website: Asian Infrastructure Investment Bank (AIIB) http://www.aiibank.org/

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