Asian Infrastructure Investment Bank (AIIB)

By   /  November 30, 2016  /  Comments Off on Asian Infrastructure Investment Bank (AIIB)

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MIL OSI – Source: German Ministry of Finance – in English –

Headline: Asian Infrastructure Investment Bank (AIIB)

France, Italy and Germany announce today their intention to become prospective founding members of the Asian Infrastructure Investment Bank (AIIB).

The AIIB, as a new Investment Bank working in partnership with existing Multilateral Investment/Development Banks, could play an important role to provide funds for addressing the large infrastructure needs in Asia. The AIIB will thus promote economic and social development in the Region and contribute to global growth.

France, Italy and Germany, in close coordination with international and European partners, are keen to work with the AIIB founding members to establish an institution that follows the best standards and practices in terms of governance, safeguards, debt and procurement policies.

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