World Economy

IMF Urges BRICS, AIIB Cooperation

IMF Urges BRICS, AIIB CooperationIMF Urges BRICS, AIIB Cooperation

Managing Director of the International Monetary Fund Christine Lagarde Sunday expressed hope that the China-led Asian Infrastructure Investment Bank and the BRICS New Development Bank work together, Sputnik reported. “We welcome the joining of the BRICS bank, the AIIB with its multi-stakeholder membership, because there is so much needed…. There is a lot that is needed and to have one, two, three, four players on the international scene, addressing the needs of the region, addressing the needs in many corners of the world, where there has not been enough attention, enough investment directed—is great, if they can work together—the better,” Lagarde told reporters at the Advancing Asia conference in India.