Mugabe hails China-initiated AIIB as voice of developing countries

Zimbabwean President Robert Mugabe said on Friday that the China-spearheaded Asian Infrastructure Investment Bank (AIIB) displays the voice of the South.

The AIIB serves as an example of "the way and manner we ought to forge ahead if the voice of the South is going to matter in the international arena and affairs," Mugabe said during the commemoration of the 60th anniversary of the Asian-African Conference, or the Bandung Conference.

Citing inadequate representation of Asian-African countries in the world's multilateral system, Mugabe stressed that "time has come for us to revive the Spirit of Bandung" in order to more effectively push the development agenda of the South.

Time has also come to consider more options of securing the place of the South in global affairs, of which the AIIB is an example, according to the president.

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