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Asian Infrastructure Investment Bank Accepts 4 New Members

By Zhao Runhua / Apr 23, 2019 03:03 AM / Economy

Photo:IC

Photo:IC

The China-backed Asian Infrastructure Investment Bank (AIIB) approved membership requests from four new countries: Côte D’Ivoire, Guinea, Tunisia and Uruguay, the bank said Monday.

After the countries complete final domestic procedures and pay their first membership funding to AIIB, the memberships will be formally activated, the state-run Xinhua News Agency reported. AIIB’s total membership will increase to 97.

Established in 2016 with China as a leading funding member, the multilateral development bank specializes in investing in infrastructure projects in Asia.

Related: AIIB Chief Says Investing in More Chinese Projects Would Improve Asset Quality


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