The Asian Infrastructure Investment Bank’s (AIIB) Board of Governors has approved membership applications of four more countries, bringing AIIB’s total approved membership to 97. The new group of approved members comprises Côte d’Ivoire, Guinea, Tunisia and Uruguay.
“The growth in membership from Africa and Latin America demonstrates the importance that these countries attach to improving infrastructure and connectivity with Asia,” said AIIB Vice President and Corporate Secretary Sir Danny Alexander. “It also reflects the commitment of our members to multilateral co-operation and high standards of governance. We look forward to the contribution that these four countries will make to the development of AIIB”.
The four prospective members will officially join AIIB once they complete the required domestic processes and deposit the first capital installment with the Bank. Shares allocated to the new prospective members come from AIIB’s existing pool of unallocated shares. AIIB’s charter was signed by 57 countries before the Bank was launched in January 2016. In 2017 and 2018, AIIB announced the approval of 36 new membership applications. AIIB expects to continue welcoming new members in the future.
A full list of AIIB’s approved members can be found here.
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, we began operations in January 2016 and have now grown to 97 approved members worldwide. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.