Switzerland, Luxembourg Apply For China-Led Infrastructure Bank – 22 March 2015

RT logoDespite negative noises from the US, Switzerland and Luxembourg have become the latest European nations to apply to join the Beijing-led Asian Infrastructure Investment Bank (AIIB), the Chinese Finance Ministry announced.

Earlier in March, the EU’s leading economies – the UK, France and Germany –announced plans to participate in the new international financial institution.

China’s Finance Ministry released a statement on Friday saying it welcomes the Swiss decision to apply.

Switzerland is to become the bank’s founding member later this month if other nation members involved approve its candidacy.

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