Multinational lender approves its first equity investment in Indian infrastructure
State one of 13 new members to join Asian Infrastructure Investment Bank
AIIB is a sign of China’s growing influence in the region
Christine Lagarde says risks to global financial stability are rising
The AIIB threatens to cause a rift between Washington and its allies
Relations between regional giants blighted by territory disputes and historical issues
China-driven lender seen as counterbalance to existing international institutions
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