Millennium Post

30 more countries express interest in joining AIIB: China

Thirty more countries have applied for joining the China-sponsored Asia Infrastructure Investment Bank in which India is the second largest shareholder, the Foreign Ministry here said on Tuesday.

Apart from 57 founding members, 30 more countries have applied to join the Beijing-based bank, Foreign Ministry spokesperson Hua Chunying told reporters while highlighting the bank's achievements on its first year of operations.

"As an initiator China is very pleased to see the progress made by the Asia Infrastructure Investment Bank (AIIB) in the past year," she said, adding that the bank has emerged as an efficient and professional institution. The AIIB was officially established late last year with 57 founding members and with authorised capital of $100 billion.

China is the largest shareholder with 26.6 per cent voting shares. India is the second largest shareholder with 7.5 per cent followed by Russia 5.93 per cent and Germany with 4.5 per cent. 
K J M Varma

K J M Varma

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