Thirty more countries have applied for joining the China-sponsored Asia Infrastructure Investment Bank (AIIB) in which India is the second largest shareholder.Foreign Ministry spokesperson Hua Chunying said this in Beijing while highlighting the bank's achievements on its first year of operations. She said apart from 57 founding members, 30 more countries have applied to join the Beijing-based bank. She said as an initiator, China is very pleased to see the progress made by the Bank in the past year adding that the bank has emerged as an efficient and professional institution.The AIIB was officially established late last year. 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.The US and Japan, however, stayed away from joining the bank while Germany and most of the European countries joined it.
News On AIR | January 17, 2017 6:56 PM
30 more countries apply for Asia Infrastructure Investment Bank