Today, the Asian Infrastructure Investment Bank (AIIB) announced that its Board of Governors has adopted resolutions approving two applicants to join the Bank, bringing its total approved membership to 102. This round of approved applicants comprises two nonregional prospective members: Croatia and Senegal.
“Our growing membership enables AIIB to become the Bank that connects Asia to the world," said AIIB Vice President and Corporate Secretary Sir Danny Alexander. “We look forward to forging stronger bonds with our new members in Europe and Africa to work together to achieve long-term development that is clean, green, and sustainable.”
The two 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.
At its launch in January 2016, there were 57 signatories to AIIB’s Articles of Agreement. The Bank expects to welcome more prospective members in the coming year.
About AIIB
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 102 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.
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