Belgium approved as a member of the Asian Infrastructure Investment Bank (AIIB)
March 27, 2017 Category Finance, Weekly
Belgium is among thirteen countries and regions that have been approved at a Board of Governors meeting to become members of the Asian Infrastructure Investment Bank (AIIB). The others are Afghanistan, Armenia, Canada, Ethiopia, Fiji, Hong Kong, Hungary, Ireland, Peru, Sudan, Timor Leste and Venezuela. The new members still have to complete relevant procedures and transfer the first installment of their capital contribution for membership to become effective. The AIIB’s membership will increase from the 57 founding members to 70. The shares allocated to the new members come from the bank’s existing pool of unallocated shares. “The interest in joining the AIIB from around the world affirms the rapid progress we have made to establish the bank as an international institution,” AIIB President Jin Liqun said in a statement. “I am very proud that the AIIB now has members from almost every continent and we anticipate further applications being considered by our Board of Governors later this year.”
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