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(Bloomberg) -- Corporacion Andina de Fomento, a Latin American development bank that will lend over $14 billion this year, is seeking to add new members from Europe, the Middle East and Asian countries to finance new projects in the region. The bank was then repaid by the IMF in Special Drawing Rights, the organization's international reserve asset known as SDRs, which CAF is now allowed to hold. The bank isn't seeking to add the US to its ranks nor is the American government is willing to join CAF, he said. [Extracted from the article]

Read More: CAF Plans Infrastructure Funds in Six Latin American Countries "We are in this process of seeking partners that contribute to the bank without the bank losing its essence", Diaz-Granados told reporters in Mexico City on Friday. (Bloomberg) -- Corporacion Andina de Fomento, a Latin American development bank that will lend over $14 billion this year, is seeking to add new members from Europe, the Middle East and Asian countries to finance new projects in the region. The bank was then repaid by the IMF in Special Drawing Rights, the organization's international reserve asset known as SDRs, which CAF is now allowed to hold. [Extracted from the article]

QZ957TDWX2Q5 (Bloomberg) -- Sri Lanka's dwindling foreign exchange reserves risk spiraling into a crisis that could force the South Asian nation to tighten policy more aggressively and seek an International Monetary Fund bailout. Sri Lanka's foreign exchange reserves rose 26% to $3.55 billion last month, after the nation converted the IMF's special drawing rights, which the South Asian island nation received on Aug. 23, into U.S. dollars, the central bank said in a publication on Friday. [Extracted from the article]

Keywords: 13347Z; ASIA; BUSINESS; CONS; CONSD; COS; EXE; GEN; GLOBALMACR; GOV; INDUSTRIES; NORTHAM; POL; TERROR; US; WORLD EN 13347Z ASIA BUSINESS CONS CONSD COS EXE GEN GLOBALMACR GOV INDUSTRIES NORTHAM POL TERROR US WORLD The Taliban included the leader of a U.S.-designated terrorist organization in a new government to formally mark the group's return to power after 20 years of war with America, as the West grapples with whether to recognize the new administration. At a briefing on Tuesday, White House spokeswoman Jen Psaki said she didn't have a timeline for when the U.S. would recognize the new Taliban government and was still working to evacuate remaining Americans. [Extracted from the article]

Keywords: 13347Z; ASIA; BUSINESS; CONS; CONSD; COS; EXE; GEN; GOV; INDUSTRIES; NORTHAM; POL; TERROR; US; WORLD EN 13347Z ASIA BUSINESS CONS CONSD COS EXE GEN GOV INDUSTRIES NORTHAM POL TERROR US WORLD The Taliban announced a new government filled with senior officials from the militant group, including the leader of a U.S.-designated terrorist organization. 13347Z, ASIA, BUSINESS, CONS, CONSD, COS, EXE, GEN, GOV, INDUSTRIES, NORTHAM, POL, TERROR, US, WORLD That may complicate any moves by the U.S. to cooperate with the Taliban, particularly as President Joe Biden urges the Taliban to cut all ties with terrorist groups. [Extracted from the article]

The article offers the author's insights on the potential evolution of the Asian Infrastructure Investment Bank (AIIB) from a regional player to outclass the Asian Development Bank (ADB) to a global body rivaling the capabilites of the World Bank. Topics discussed include the bank was conceived and delivered by China to finance infrastructure needs in Asia, the demand for investments in infrastructure, and the possibility for renminbi (RMB) to be part of Special Drawing Rights (SDR).