Asian investment alert aia

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The United Nations has addressed the launch of AIIB as having potential for "scaling up financing for sustainable development" [6] and to improve the global economic governance. The bank was proposed by China in [9] and the initiative was launched at a ceremony in Beijing in October The initial context was to make better use of Chinese foreign currency reserves in the wake of the global financial crisis. The initiative was officially launched by China 's Paramount leader Xi Jinping on a state visit to Indonesia in October In April , Chinese Premier Li Keqiang delivered a keynote speech at the opening of the Boao Forum for Asia and said that China was ready to intensify consultations with relevant parties in and outside Asia on the preparations for the Asian Infrastructure Investment Bank.