AIIB set to have 85 mem­bers

New Straits Times - - Business -

BEI­JING: China-backed Asian In­fra­struc­ture In­vest­ment Bank (AIIB) ex­pects to have 85 mem­bers by year-end, said its pres­i­dent Jin Liqun yes­ter­day.

“Now we have 77 mem­bers. By year-end, we ex­pect to have about 85 mem­bers, in­clud­ing Hong Kong SAR,” said Jin at the Belt and Road Fo­rum.

On Satur­day, AIIB said its board of gov­er­nors had adopted res­o­lu­tions ap­prov­ing seven ap­pli­cants to join the bank, bring­ing its to­tal ap­proved mem­ber­ship to 77.

The seven prospec­tive mem­bers — Bahrain, Cyprus, Samoa, Bo­livia, Chile, Greece and Ro­ma­nia — will of­fi­cially join AIIB once they de­posit their first in­stal­ment of cap­i­tal with the bank. Reuters

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