The Asian Infrastructure Investment Bank (AIIB) will expand its membership from 57 to nearly 100 countries and regions this year, AIIB president Jin Liqun said. Some 30 countries are waiting to join the AIIB, 20 have expressed "firm commitment," Wednesday's China Daily cited Jin as saying.
Since China put forward the proposal in 2013 that the Asian Infrastructrure Investment Bank be established, there have been speculation that AIIB will menace the existing roles of the Asian Development Bank and other international financial institutions. A prudent and cooperative approach, however, has proved to be an effective way for AIIB to achieve a solid footing on the regional and international arena.Multilateral banks can benefit by following trend of working with development partners
Hong Kong will take a bigger role in the internationalisation of yuan and multi-billion fund raising when the city becomes a member of the Beijing-led Asian Infrastructure Investment Bank this year, Secretary for Financial Services and the Treasury Chan Ka-keung said.
Cambodian Prime Minister Hun Sen on Monday reiterated the country's support for the China-initiated Asian Infrastructure Investment Bank (AIIB) and Silk Road Fund, saying that they are key sources of capital for infrastructure development.
Jin Liqun, the newly elected first president of the Asia Infrastructure Investment Bank (AIIB), said China as the biggest shareholder is obliged to provide full support for the institution and set to win the trust and confidence of other shareholders.
Bangladesh is now all set to become a founding member of the China initiated Asian Infrastructure Investment Bank (AIIB) as the country's parliament has passed a bill in this connection.
Experts this week welcomed Cambodia's membership to the nascent China-led Asian Infrastructure Investment Bank (AIIB), saying it would provide much-needed diversity of funding for the nation's infrastructure and connectivity needs, a local newspaper reported Wednesday.
The Chinese-initiated Asian Infrastructure Investment Bank (AIIB) is by no means "China's Marshall Plan", labelled by some Western media, as it is not a tool for confrontation or control but for the pursuit of common and sustainable development.
The Asian Infrastructure Investment Bank (AIIB), a China-initiated multilateral bank, started operational on Saturday, marking a milestone in the reform of global economic governance system.
While addressing the inaugural meeting of the AIIB (Asian Infrastructure Investment Bank) Board of Governors on Jan. 16, Chinese Premier Li Keqiang elaborated on his vision for the new multilateral development bank and the Chinese economy in the new year.
The first president of the Asian Infrastructure Investment Bank (AIIB) vowed on Sunday that he will adhere to the "highest possible standard" in running the new multilateral financial institution.
The AIIB's door has been opened and the door will stay open, said Jin Liqun, president of the Asian Infrastructure Investment Bank (AIIB), at a press conference on Sunday.
Full text of Chinese President Xi Jinping's address at AIIB inauguration ceremony (2)
The Asian Infrastructure Investment Bank (AIIB), a China-initiated multilateral bank, started operational on Saturday, marking a milestone to reform global economic governance system.
Chinese President Xi Jinping delivered an address here on Saturday at the inauguration ceremony of the Asian Infrastructure Investment Bank (AIIB).
The opening ceremony of the Asian Infrastructure Investment Bank (AIIB) launched here Saturday morning with Chinese President Xi Jinping's attendance.
The China-proposed Asia Infrastructure Investment Bank (AIIB), formally established on Dec. 25 last year, is set to begin operating following an inauguration ceremony on Saturday, showcasing the commitment of the world's second largest economy to making substantial contributions to renewed global economic governance.
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