China’s One-Belt-One-Road (OBOR) initiative

China-led $100 billion Asian Infrastructure and Investment Bank, formally set up in Beijing on December 25, 2015, is about to start its operation soon. Seen as a rival to West dominated World Bank and International Monetary Fund, the AIIB’s key aim is to support infrastructural projects under China’s One-Belt-One-Road (OBOR) initiative through concessionary financing. In […]