Off the wire
FLASH: AUSTRALIA DECIDES TO JOIN ASIAN INFRASTRUCTURE INVESTMENT BANK: PM  • Portuguese young people take to streets protesting poor working conditions  • Third Africa-China Young Leaders Forum opens in Tanzania  • Best Buy closes all Future Shop stores across Canada, cutting 1,500 jobs  • Fourth French tourist wounded in Tunisia attack dies: Elysee  • Roundup: Definitive acquittal of Knox, Sollecito for murder dominates Italian media  • UN Security Council condemns hotel attack in Somalia  • 54 Sudan gov't soldiers killed in clash with rebels  • RECAST: Full text of Chinese President's speech at Boao Forum for Asia (1)  • China Focus: Heritage park honoring U.S. "Flying Tigers" opens in China  
You are here:   Home

Urgent: Australia has decided to join Asian Infrastructure Investment Bank: PM

Xinhua, March 29, 2015 Adjust font size:

Australia has decided to sign a Memorandum of Understanding on the Asian Infrastructure Investment Bank (AIIB), which would allow Australia to become a founding member of the bank, said a statement released by Prime Minister Tony Abbott Sunday morning.

In the carefully worded statement, Abbott said the signing of the MOU will enable Australia "to participate as a prospective founding member in the negotiation of setting up the bank."

"The Government has discussed the AIIB extensively with China and other key partners inside and outside the region," the statement said. Endi