Thursday, April 2, 2015

Portugal, Iceland apply to AIIB (Asian Infrastructure Investment Bank)

 China on Wednesday welcomed the application of Portugal to join the Asian Infrastructure Investment Bank (AIIB) as a founding member.
A statement from the Ministry of Finance said Portugal officially sent its written application to China on Tuesday, the deadline for countries to apply to become AIIB founding members.

Should all existing members approve, Portugal will become a founding member on April 15, said the statement.

In a separate statement, the ministry said Iceland also officially sent its written application to China to become an AIIB founding member on Tuesday. Iceland will likewise become a founding member on April 15, subject to the same conditions.

China, as chair of the AIIB founding members' chief negotiation representatives' conference, is currently soliciting opinions from the existing founding members through multilateral procedures, according to the ministry.

   Xinhua -

1 comment:

  1. Poland expresses intention to become AIIB founding member ...

    Polish Deputy Minister of Finance Artur Radziwill on Thursday said that Poland intends to join the China-proposed Asian Infrastructure Investment Bank (AIIB) as a founding member.

    According to the Polish Press Agency, Poland has sent a letter of intent to the Multilateral Interim Secretariat for AIIB. Radziwill added that Poland's participation in the AIIB was part of the country's engagement in global policy.

    March 31 was the application deadline. More than 40 countries have expressed the will to participate. The number of founding members will be confirmed on April 15.

    The AIIB will be an international financial institution aimed at funding infrastructure projects in Asia. The expected initial subscribed capital will be $50 billion with its headquarters to be located in Beijing.


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