BEIJING, May 13 (Xinhua) — The Asian Infrastructure Investment Bank (AIIB) announced Saturday that its Board of Governors has adopted resolutions approving seven applications to join the bank, bringing its total approved membership to 77.
The approved applications came from three regional prospective members — Bahrain, Cyprus and Samoa — and four non-regional prospective members, namely Bolivia, Chile, Greece and Romania.
“More and more countries are signing up to become members of AIIB because they see how internationalism can promote development in Asia, with far reaching benefits for the global economy,” said Jin Liqun, AIIB president.
“We welcome our new prospective members and thank them for joining us in our effort to meet the infrastructure needs in the region,” he said.
The seven prospective members will officially join AIIB once they complete the required domestic processes and deposit their first installment of capital with the bank.
The shares allocated to the new prospective members come from the bank’s existing pool of unallocated shares, according to AIIB.
With 57 signatories at its launch in January 2016 and the approval of 13 prospective members in March 2017, AIIB aims to provide financing to address the daunting infrastructure needs across Asia.
Nepal Foreign Affairs
KATHMANDU, June 22 (Xinhua)–Nepal and China have hailed in Kathmandu the smooth and healthy development of relatio
Press Trust of India (KATHMANDU, June 15)– Nepal and India must join hands to tackle the problem of extremism as t
MAR-A-LAGO, the United States, April 6 (Xinhua) — Chinese President Xi Jinping on Thursday engaged with his U.S. c
By Lin Minwang – At this year’s World Economic Forum in Davos Chinese President Xi Jinping announced that
On the occasion of the Twentieth Anniversary of the establishment of the Bay of Bengal Initiative for Multi-Sectoral Tec
We welcome the commencement of local elections in Nepal, with voting in three of the seven provinces on 14 May.We are no