Countries are still seeking to join the AIIB as the founding member deadline approaches. Denmark filed its application on Saturday while Australian Prime Minister Tony Abbott confirmed Sunday that Australia has decided to apply to join the bank.
"I am glad that the Australian government has made the decision. Personally I am a firm supporter for Australia in joining the AIIB. I believe the AIIB will help to support financing infrastructure development in Asia," Former Australian PM Kevin Michael Rudd said.
China's Ministry of Finance says that by Sunday, 42 countries -- including Denmark and Australia -- had filed applications to join the AIIB. The AIIB will be formally established by the end of this year and some likely members are already expressing high hopes for the regional bank.
A number of American allies, including Germany, France, the UK and Italy, have already announced plans to begin putting money toward the AIIB. But the U.S. has not decided to join as Washington worries that the AIIB fund would weaken the status of such global financial institutions as the World Bank and the IMF.
"It is good to have new applicators for the AIIB. I heard that the finance minister is about to make a China tour. I hope the AIIB will be on his agenda," former US Secretary of Commerce Carlos Gutierrez said.
The Asian Development Bank estimates that there is an 8- trillion-U.S. dollar deficit in Asia's infrastructure fields, including transportation, energy and telecommunications.
Setting up the AIIB will help to drive growth and demand in Asia Pacific countries. But more importantly, the AIIB will also serve as a useful complementary tool for the world financial order as it provides mechanisms to transfer the global weight of the region's economies to other areas.
CNTV - china.org.cn
31/3/15
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Japan says not to join AIIB by deadline ...
ReplyDeleteJapanese Finance Minister Taro Aso said Japan will not join the China-proposed Asian Infrastructure Investment Bank (AIIB) by the deadline of March 31, local report said Tuesday.
Speaking at a press briefing after Tuesday's cabinet meeting, Aso said that Japan has to maintain caution toward the AIIB, according to Japan's Kyodo News.
Japan, which follows the United States, keeps such cautious attitude toward the AIIB despite urges from many experts and business leaders that Japan should have a positive manner to the new development bank...........http://www.china.org.cn/world/2015-03/31/content_35203206.htm
Au moins 44 Etats ont souhaité rejoindre la Banque asiatique d'investissement dans les infrastructures (AIIB) en qualité de fondateurs, a rapporté la chaîne de télévision NHK...
ReplyDeleteParmi ces pays figurent l'Allemagne, la France, la Grande-Bretagne, l'Italie, la Suisse, le Luxembourg, la Russie et la Corée du Sud.
Selon le site Emerging Markets, la Corée du Nord a aussi souhaité rejoindre l'AIIB, mais la Chine a rejeté cette demande en l'absence de données détaillées sur l'état de l'économie et des marché financiers nord-coréens...........http://fr.sputniknews.com/economie/20150331/1015404616.html#ixzz3VxGppL7B
31/3/15
China says Taiwan not welcome in new infrastructure bank...
ReplyDeleteChina today (March 31) said that it is not interested in having Taiwan as a founding member of its new Asia-oriented infrastructure bank.
“We want to avoid (creating the perception) of two Chinas, or one China, one Taiwan,” Foreign Ministry spokeswoman Hua Chunying said during a regular press briefing.
With the deadline to join looming, Taipei announced earlier today that it would apply for membership in the bank’s founding class.
The decision comes on the heels of a rush of last-minute applications by several European countries, as well as Australia, to join the organisation, conceived by China as a vehicle for increasing investment in the region.
The United States has strongly discouraged participation in the bank, citing concerns about transparency in lending............http://www.todayonline.com/world/asia/china-says-taiwan-not-welcome-new-infrastructure-bank
31/3/15
Russia's application for Asian Infrastructure Investment Bank (AIIB) participation approved...
ReplyDeleteRussia’s application for participation in the Asian Infrastructure Investment Bank (AIIB) was accepted, as was the case with Egypt’s and Norway’ applications, the Chinese Finance Ministry reported Tuesday.
"Egypt, Norway and Russia have officially become future constituent states of the AIIB," the report said....tass.ru
14/4/15
Taiwan Disappointed After China Rejects AIIB Application ...
ReplyDeleteTaiwan says it is disappointed that political rival China rejected its bid to be a founding member of a new regional development bank. Attention is turning now to whether Taiwan can join the Asian Infrastructure Investment Bank (AIIB) later as a normal member despite the two sides’ precarious relations. The government in Taipei said joining regional organizations was its right.
China says the bank to be launched later this year has 57 countries approved as founding members and will have an authorized capital of $100 billion, of which China is expected to contribute about half......voanews.com
15/5/15
Egypt joins China-based infrastructure bank, hopes for funds...
ReplyDeleteEgypt has been approved as a founding member of the Beijing-backed Asian Infrastructure Investment Bank, opening the way for it to benefit from the bank's $50 billion in funds, the foreign ministry said Thursday.
Britain, Germany, France and Italy are also among the 57 founders of the AIIB, despite scepticism about it in Washington and Tokyo.
As a result of its acceptance, Cairo will also have access to its "vast funding opportunities to finance development and infrastructure projects," the ministry said.
It will also be able to participate in formulating the institution's regulations and policies, the ministry said.
President Abdel Fattah al-Sisi has vowed to revive Egypt's economy battered after years of political turmoil.
In March, at an international investment conference in the Red Sea resort of Sharm el-Sheikh, Egypt signed investment contracts worth $36.2 billion aimed at kick-starting economic growth.
China and 20 other countries signed a memorandum of understanding in October to establish the AIIB............AFP.....english.ahram.org.eg
16/4/15