Jeju, Republic of Korea, June 16, 2017
AIIB Approves Membership of Argentina, Madagascar and Tonga
The Bank’s approved membership rises to 80
Today, the Asian Infrastructure Investment Bank (AIIB) announced that its Board of Governors has adopted resolutions approving three applicants to join the Bank, bringing the Bank’s total approved membership to 80. This round of approved applicants includes one regional and two non-regional prospective members.
The approved applicants are as follows:
|Regional Prospective Members||Non-Regional Prospective Members|
"Well-integrated infrastructure and enhanced connectivity between Asia and the rest of the world has far reaching benefits for the global economy," said Jin Liqun, President, AIIB. "Tonga is well known as the Friendly Islands in the South Pacific, while Argentina and Madagascar are important economies in South America and Africa, respectively. I look forward to the role our new members will play once they fully join the Bank."
The three prospective members will officially join AIIB once they complete the required domestic processes and deposit the first installment of capital with the Bank. The shares allocated to the new prospective members come from the Bank’s existing pool of unallocated shares.
"Since launching only 18 months ago, the Bank has welcomed 23 new members from around the world," said Sir Danny Alexander, VP and Corporate Secretary, AIIB. "Interest in the Bank remains high and our door remains open to new members that will be joining later this year."
At its launch in January 2016, there were 57 signatories to AIIB’s Articles of Agreement, and in March and May 2017, the Bank announced the approval of another 20 prospective members, who are currently in the process of finalizing their membership. The Bank expects to continue welcoming new members later this year.
AIIB is a new multilateral development bank founded to bring countries together to address the daunting infrastructure needs across Asia and beyond. Headquartered in Beijing, AIIB’s mission is to improve economic and social development in Asia by investing in high quality, financially viable and environmentally friendly infrastructure projects.
Beijing, December 19, 2017
AIIB Approves Membership of Cook Islands, Vanuatu, Belarus and Ecuador
The Asian Infrastructure Investment Bank’s (AIIB) Board of Governors has adopted resolutions approving four applicants to join the Bank, bringing AIIB’s total approved membership to 84. This round of approved applicants includes two regional and two nonregional prospective members.READ MORE
Beijing, December 16, 2017
UK Government Pledges US$50 million to AIIB Project Preparation Special Fund
Asian Infrastructure Investment Bank (AIIB) President Jin Liqun and United Kingdom (UK) Chancellor of the Exchequer Rt Hon Philip Hammond have signed an agreement for the UK to contribute US$50 million to AIIB’s Project Preparation Special Fund which provides grant support primarily to low income developing member countries to prepare high quality projects.READ MORE
Beijing, December 12, 2017
Together Major Development Finance Institutions Align Financial Flows with the Paris Agreement
The global development agenda is being transformed in fundamental ways. The Sustainable Development Goals (SDGs), agreed upon by the international community, constitute a universal compass, highlighting the need for systemic and collective action for sustainable, equitable and inclusive development for everyone on this planet. The imperative for mobilizing and shifting financial flows, public and private, towards sustainable development was highlighted by the 2015 Addis-Ababa Financing for Development Conference. The Paris Agreement reached at COP21 recognized that all countries and stakeholders must act to combat climate change. Since the Agreement’s entry into force in 2016, the momentum for climate action has become irreversible.READ MORE