No competition between BRICS bank and AIIB – Russian deputy foreign minister

The BRICS New Development Bank (NDB) and China’s Asian Infrastructure Investment Bank (AIIB) will complement one another by tackling more infrastructure projects, according to Russian Deputy Foreign Minister Sergey Ryabkov.

“Considering the fact that member-states of NDB and AIIB are not the same, I think there is enough room for everyone due to the scale of issues to be solved. There is no competition… on the contrary, there is much potential to meet more infrastructural needs” Ryabkov told Russia 24 TV Channel on Monday.

Read the full article here: