Indonesia could soon join China-backed Asian infrastructure bank

JAKARTA Nov 4 (Reuters) – Indonesia could decide as early as next week to join a China-backed Asian infrastructure bank, the finance minister told Reuters, as Southeast Asia’s largest economy looks for extra funding to build much needed ports, railways and roads.

China’s $50-billion Asian Infrastructure Investment Bank (AIIB), launched last month, is seen by the United States as a challenge to the Western-dominated World Bank and Asian Development Bank.

Read more at: http://www.reuters.com/article/2014/11/04/indonesia-aiib-idUSL4N0SU4ID20141104

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