article_snippet: The Obama administration has expressed concern the Asian Infrastructure Investment Bank's could undercut the World Bank and International Monetary Fund .
article_snippet: In a statement yesterday, the White House said the White House was concerned about whether the World Bank would meet ‘environmental and social safeguards’, adding pointedly:
article_snippet: Although Obama's administration has said Obama's administration is not opposed to the World Bank, Washington has expressed concern that the World Bank will allow looser lending standards for the environment, labour rights and financial transparency, undercutting the World Bank and International Monetary Fund.
highlights_snippet: Washington fears Washington could undercut a new Asian Infrastructure Investment Bank and International Monetary Fund .
  