Off the wire
• 2nd LD-Writethru: China's new yuan loans drop in Feb  • Taliban gunmen kill military officer in Pakistan  • U.S. stocks open higher after ECB rate cut decision  • Xinhua signs deal with SCO  • CSL roundup: Jiangsu grabs 2nd win, SIPG ties Greenland in Shanghai derby  • India shuts down nuclear plant following leak  • Roundup: Call to boycott Israeli products sparks controversy in Indonesia  • German economy makes a good start this year: gov't ministry  • Hudson's 29 points carries Liaoning over Sichuan 103-89 in CBA finals opener  • 600 cases a week of scarlet fever reported in England  
You are here: 　 Home

Polish parliament ratifies agreement to join AIIB

Xinhua, March 11, 2016 Adjust font size:

The lower house of the Polish Parliament (Sejm) on Friday unanimously ratified an agreement for Poland to participate in the Asian Infrastructure Investment Bank (AIIB).

"Consent is granted for the president of Poland to make the ratification of the agreement to join AIIB, drawn up in Beijing on the June 29, 2015," the bill read.

Under the government of former Polish prime minister Ewa Kopacz, the Polish ambassador in Beijing signed the AIIB agreement document in October 2015.

The passing of this bill means no objections were raised regarding the country's participation in the initiative. The document will now be ratified by the president of Poland.

AIIB is a Chinese initiative, whose creation was supported by 57 countries. It is seen as a new alternative for international financial institutions to support infrastructural investment and development.

Polish participation in the initiative is estimated at around 831.8 million U.S. dollars or 0.83 percent of AIIB's capital.

Poland hopes the new bank will improve trade between Poland and China and help the country participate in the "One Belt, One Road" initiative. Endit