The Asian Infrastructure Investment Bank’s (AIIB) Board of Governors has adopted resolutions approving two applicants to join the Bank, bringing AIIB’s total approved membership to 86. This round of approved applicants includes one regional and one non-regional prospective members.
The approved applicants include:
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Regional Prospective Members
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Non-regional Prospective Members
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Papua New Guinea
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Kenya
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“AIIB now has 86 approved members from six continents. This shows a strong commitment to promoting infrastructure development through rules-based multilateral cooperation with high standards of governance,” said AIIB vice president and corporate secretary Sir Danny Alexander.
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 AIIB’s existing pool of unalloc
ated shares. At its launch in January 2016, there were 57 signatories to AIIB’s Articles of Agreement. In March, May, June and December 2017, the Bank announced the approval of another 27 prospective members. AIIB expects to continue welcoming new members in the future.
The Asian Infrastructure Investment Bank is a multilateral development bank based in Beijing with a mission to improve social and economic outcomes in Asia and beyond.
