CHINAUS AFRICAASIA 中文双语Français
Business\Markets

Canada among 13 new members to join AIIB

By Zheng Xin | chinadaily.com.cn | Updated: 2017-03-23 16:14

Canada will join the Asian Infrastructure Investment Bank (AIIB), making it the first Northern American country to join the organization.

Canada is one of 13 applicants approved by the AIIB's Board of Governors, bringing the bank's total approved membership to 70.

This is the first time AIIB has welcomed new members to the bank since its inception in 2015.

The approved applicants include five regional members - Afghanistan, Armenia, Fiji, Hong Kong, and Timor Leste. There are also eight members from beyond the region, including Belgium, Canada, Ethiopia, Hungary, Ireland, Peru, Sudan and Venezuela.

"The interest in joining 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.

"I am very proud that AIIB now has members from almost every continent, and we anticipate further applications being considered by our Board of Governors later this year."

At its launch in January 2015, there were 57 signatories to AIIB's Articles of Agreement.

The bank expects to welcome more prospective members throughout the year.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US