China-Led Asian Investment Bank Welcomes 5 New Members – 13 April 2015

RT logoThe founding states of the new Asian Infrastructure Investment Bank (AIIB) have approved the applications of Brazil, Georgia, Finland, Denmark and the Netherlands as founding members, the Chinese Finance Ministry announced Saturday.

“With the consent of the existing founding members, the Netherlands, Brazil, Finland, Georgia and Denmark officially became founding countries of the AIIB on April 12,” the ministry said in a statement on its website, adding that the total number of founders has now reached 46.

The founding members have a priority over others, as they possess the right to establish the rules for the bank’s activities.

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