Joseph Farrell – The Asian Investment Infrastructure Bank [AIIB] is up and running, and what a strange list of members it has! And what a strange list of NON-members it has!
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$50bn Asian infrastructure bank approves 57 founding members
The China-led Asian Infrastructure Investment Bank (AIIB) has approved 57 countries as founding members after including an extra seven, according to China’s Finance Ministry.
Sweden, Israel, South Africa, Azerbaijan, Iceland, Portugal and Poland were all included as founding members, according to a statement released by the ministry on Wednesday. The ministry added that although the March 31 deadline for founding membership application has passed, the bank will continue to accept new members. China has rejected requests from North Korea and Taiwan to join the investment bank.