Friendly rivalry

“If the world’s multilateral banks, including the new ones, can form alliances, work together and support development, we all benefit – especially the poorest and most vulnerable”

World Bank President Jim Yong Kim and Prime Minister Duncan of Cote d'Ivoire participate in the plenary session of the Fragility, Conflict and Violence Forum in Washington

Kim Jim-yong

World Bank head Kim Jim-yong shows support for China’s new Asian Infrastructure Investment Bank (see WiC275); a move the Financial Times describes as marking “a split with the US president Barack Obama”. Kim is due to meet China’s finance minister Lou Jiwei next week and said he plans to find innovative ways to work with the AIIB.

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