Off the wire
• Feature: Tulip fields in Canada's western province attract lots of photo lovers  • Spotlight: Summit of Americas becomes home court for LatAm diplomacy  • 2nd LD Writethru: 3 Indian border troopers injured by drug smugglers at Pakistan border  • Rockets fall to division rival Spurs  • Sina faces suspension over lack of censorship  • 1st LD Writethru: 3 Indian border troops injured in cross border firing from Pakistan  • Urgent: 3 Indian border troops injured in cross border firing from Pakistan in N. India  • Six Cambodian military police detained over violence  • Electricity, corruption among top obstacles for business in Albania  • 2nd LD: U.S., Cuban presidents shake hands at historic American Summit  
You are here: 　 Home

Spain, ROK, Austria join AIIB as founding members

Xinhua, April 11, 2015 Adjust font size:

Spain, the Republic of Korea and Austria have been approved as prospective founding members of the Asian Infrastructure Investment Bank (AIIB), the Ministry of Finance said on Saturday.

This brings the number of prospective founders to 41, the ministry said.

Founding members have the right to make rules for the bank. Countries that applied to join after March 31 will be ordinary members with voting rights only, and less say in the rule-making process. The founder membership will be finalized on April 15.

The AIIB will provide financing for roads, railways, airports and other infrastructure projects in Asia. It is expected to be established by the end of this year. Endi