US Secretary of the Treasury Jacob Lew on Tuesday urged Congress to approve an agreement to reform the IMF. The agreement, which was reached in 2010, has been p

Britain has broken ranks with the United States to join China in the founding of the Asian Infrastructure Investment Bank (AIIB). As other nations like Australia and South Korea choose to similarly defy U.S. opposition to the AIIB, and join, it could shake Japan’s confidence in its own position and even in the reliability of its alliance with the U.S.

Though some view the One Belt, One Road strategy as a Chinese version of the Marshall Plan, they are vastly different. Therefore, no single country can dominate its process. There is room to dispel suspicion and build trust by further enhancing transparency of the AIIB institution through reducing China’s shareholding, offering more leadership positions to foreign nationals, and employing international business standards.

A Greek exit from the EU would lead to increased instability in Europe. Yet, it may present opportunity for China, the U.S. EU, and IMF to engage together in a summit to safeguard the stability of the Eurozone and shape a global norm on tax evasion and tax heavens that have adversely affected insolvent states like Greece.

In his 2015 State of the Union, President Obama repeatedly mentioned China, made forceful proposals to improve the economy for the middle-class, and warned against any attempt to repeal his signature legislation and executive actions.

Stewart Taggart makes a case for the Asian Infrastructure Investment Bank’s first investment to be in the creation of a Pan-Asian Gas Pipeline to promote the joint development of the South China Sea between China and its South East neighbors, and help achieve their bilateral energy reduction.

The infrastructure needs of Asia are vast, and as China’s development showed in the last 30 years, infrastructure is essential for job creation, improvement of living standards, and economic growth. As an alternative to private financial investment, which mostly flows into mature markets, the AIIB seeks to create trans-national partnerships to aid infrastructure development.

Dan Steinbock discusses the history of Asian-Pacific regional trade zones, and the U.S.’s geopolitical trade concerns with APEC. For the U.S. to see greater economic cooperation with China, it should consider the more inclusive FTAAP proposal.

AIIB will promote economic development and prosperity in Asia, and US worries about the AIIB are absolutely unnecessary, writes Wu Zurong.

The proposed Asian infrastructure bank could galvanize growth in emerging Asia and boost lingering global recovery.