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AIIB to announce list of founding members Wednesday

CRI, April 15, 2015

• The Asian Infrastructure Investment Bank is due to announce the full list of its founding members later on Wednesday.

  Egypt, Norway and Russia became the latest prospective founding members of the bank this week, bringing the initial number of countries to 50.

  Founding members of the bank will have a say in how the organizational structure of the AIIB will be laid-out.

  Countries that applied after March 31st will not have the ability to dictate how the AIIB's organization structure will be laid out.

  However, non-founding members will still have voting rights when the bank is officially formed later this year.

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