The China-led Asian Infrastructure Investment Bank is welcoming a new member – the UAE. The country will be among more than 30 other members of the newly-established institution. It was created to counterbalance the IMF and the World Bank. China along with other BRICS nations is also playing a giant role in setting up another reserve fund – the New development Bank. Plus the 5 emerging economies will have their own rating agency – rival of the Big three. Jim Rogers author and international investor is In the Now.

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