AIIB expands membership to 100 in three years

Jin Liqun, president of Asian Infrastructure Investment Bank (AIIB), makes a speech at the Asian Infrastructure Forum during the fourth annual meeting of the AIIB in Luxembourg, July 13, 2019. The China-initiated Asian Infrastructure Investment Bank (AIIB) on Saturday approved the membership of Benin, Djibouti and Rwanda, bringing AIIB's total approved membership to 100. The decision was made unanimously by AIIB's Board of Governors at its fourth annual meeting held in Luxembourg. In the meantime, AIIB's Board of Governors elected Chinese Finance Minister Liu Kun chairman of the board. According to the decision of Board of Governors, its fifth annual meeting is scheduled to be held from July 2 to July 3, 2020 in Beijing. "AIIB members collectively account for 78 percent of the world's population and 63 percent of global GDP. With the backing of all of our members, we are building a lean, clean, and green institution that can help to support their sustainable development,"said AIIB President Jin Liqun. (Xinhua/Zhang Cheng)