Infrastructure Investment Bank

The European Bank for Reconstruction and Development (EBRD) is providing a 500-million-euro financing to support the regions affected by last year's devastating earthquakes.

The agreement regarding the new financing was signed between the Treasury and Finance Ministry and the development bank.

The Asian Infrastructure Investment Bank "serves China's interest" and Beijing wields "undue" influence over what is supposed to be a multilateral organisation, a former executive told AFP yesterday after resigning.

In the wake of his resignation, Canada's Finance Minister Chrystia Freeland announced Ottawa would "immediately halt all government-led activity at the Bank".

BELGRADE - Serbian Minister of Mining and Energy Dubravka Djedovic met with Asian Infrastructure Investment Bank (AIIB) Vice President Konstantin Limitovskiy on Friday and noted that 15 bln euros must be invested in the Serbian energy sector over the next 10 years.

BELGRADE - Serbian PM Ana Brnabic met with Asian Infrastructure Investment Bank (AIIB) President Jin Liqun and Vice President Konstantin Limitovskiy on Wednesday to discuss projects for future cooperation ranging from digitalisation and science to energy, infrastructure and environmental protection.

BELGRADE - Serbian Finance Minister Sinisa Mali met with Asian Infrastructure Investment Bank (AIIB) President Jin Liqun on Wednesday to inform him of Serbia's macroeconomic performance, noting that the country was the region's dominant economy.

Countries from five continents formally signed up on June 29 to the China-led Asian Infrastructure Investment Bank -- a potential rival to the Washington-based World Bank -- as Beijing steps up its global diplomatic and economic role.

Japan will announce a $100 billion plan to invest in roads, bridges, railways and other building projects in Asia, a report said May 19, weeks after China outlined its vision for a new infrastructure development bank in the region.

Kasia Klimasinska & Peter Cook

U.S. Treasury Secretary Jacob J. Lew urged Greece and its international creditors to reach an agreement on steps that need to be taken to avoid the nation?s exit from the euro and any resulting crisis.

Since the end of the Cold War, the international system has been fluctuating. While the bipolar system has ended, no equivalent is in place yet. In the early days of the post-Cold War era, some talked about the unipolar moment as the United States dominated the world with its unrivalled economic and military power.

The president of the World Bank said on March 13 he welcomed the setting up of the China-backed Asian Infrastructure Investment Bank (AIIB), a day after Britain became the first Western nation to embrace the institution.