Founding members of Asian Infrastructure Investment Bank (AIIB) finalized the Articles of Agreement (AOA) after a three-day meeting in Singapore, according to news release by China's Ministry of Finance on Friday.
Negotiators from the 57 prospective founding members of the Asian Infrastructure Investment Bank (AIIB) have reached agreement on the bank's charter, with the signing scheduled for the end of June in Beijing, China's Ministry of Finance said on Friday.
Japan and the World Bank’s separate plans to fund infrastructure projects in Asia will increase competition, but not threaten the role of the Asian Infrastructure Investment Bank (AIIB) in Asia’s huge infrastructure market, experts said Thursday.
Capital contributions and voting rights will likely be the key issues when representatives of 57 prospective founding members of the Asian Infrastructure Investment Bank (AIIB) met this week in Singapore, experts said.
A senior expert on the Asian Infrastructure Investment Bank (AIIB) at the Ministry of Finance (MOF) dismissed on Wednesday a media report about a proposed plan to set up regional branches for the AIIB and a team of one president and 10 vice presidents.