19 Apr '15, 1am

Singapore

Singapore

Singapore, one of the earliest nations to back a China-led development lender, is among countries considering the need for a presence in the Asian Infrastructure Investment Bank’s management. “We were one of the early prospective founding members. We’ve moved early, and we’ve encouraged others to move as well,” Finance Minister and Deputy Prime Minister Tharman Shanmugaratnam said in an interview in Washington on Friday. “Several countries including ourselves are looking at whether we should have our own candidates represented within the management of the institution, but it’s too early to say anything on that.” Singapore joined 20 countries in being first to sign up for the AIIB in October. Since then, U.S. allies from Australia to the U.K. have opted to back the bank, confounding efforts by the administration of President Barack Obama to campaign against the institution....

Full article: http://www.bloomberg.com/news/articles/2015-04-18/singapo...

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