World Bank: China Bank 'Potential Ally' in Poverty Fight
Yesterday, Jim Yong Kim, the head of the World Bank, announced that the new Asian Infrastructure Investment Bank could be useful to combat the issue of poverty. Over 40 countries have announced their support for this initiative, however Japan and the U.S. remain opposed to the idea.
See "World Bank: China Bank 'Potential Ally' in Poverty Fight", The New York Times, April 7, 2015