Chinese alternative to the World Bank supported the main allies of the United States

[DARPA]

France, Germany and Italy have agreed to follow the example of the UK and enter led by China International Asian Infrastructure Investment Bank (Asia Infrastructure Investment Bank, AIIB), according to The Financial Times. The publication notes that Washington tried to dissuade the leading Western countries to cooperate with the new institution.

A week earlier, the intention to join the founding members AIIB, which is considered a potential challenger to the Washington World Bank, the United Kingdom announced. According to the authors, the decision of the European countries to join the AIIB represented a significant loss to the administration of US President Barack Obama. The White House tried to convince its partners that Western countries would have a greater impact on the work of the new bank, if left behind and were in favor of higher credit standards.

Despite the special alliance with London, decided to join the AIIB has caused public criticism Velikobratanii from the US. Arguments Washington, notes FT, previously acted to Australia - a key US ally in the Asia-Pacific region. At first she refused to enter one of the founders of the new bank, but later said it would reconsider its position.

The publication cites the opinion of experts that the international institution that is a direct competitor of the World Bank and the IMF, was part of a wider initiative in China to create new financial and economic prerequisites for enhancing the international influence of the country. The creation of the bank was the central point in the growing rivalry between China and the United States for that determine economic and trade rules in Asia in the coming decades.

At the same time, US and Australia in informal conversations told that London led by commercial motives in dealing with Beijing to join the initiative.

The initiative for the establishment of the bank in 2013 made by the head Xi Jinping. Agreement on the establishment of a new international financial institution signed in October 2014 representatives of 21 countries, including India, Singapore, Vietnam, the Philippines, Mongolia, Bangladesh, Brunei, Cambodia, Kazakhstan, Kuwait, Laos, Malaysia, Myanmar, Nepal, Oman, Pakistan , Qatar, Sri Lanka, Thailand and Uzbekistan.

Initially, China declared that he was ready to make most or even all of the amount of volume of $ 50 billion in start-up capital of the bank. Later, however, Beijing proposed to increase the authorized capital of the organization up to $ 100 billion.