Page-4 of AIIB

India's Dinesh Sharma elected to board of directors of AIIB

January 18, 2016

India’s Dinesh Sharma has been elected to the board of directors of the China-sponsored Asian Infrastructure Investment Bank (AIIB). He has been elected to the 12-member board through a secret ballot. This is the first board of directors of AIIB ..

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China’s President Xi Jinping formally opens AIIB in Beijing

January 16, 2016

Chinese President Xi Jinping has formally opened Asian Infrastructure Investment Bank (AIIB) in Beijing. Background The bank was formally established in Beijing on 25 December 2015. China’s former Finance Minister Lou Jiwei was elected as the first Chairman of the ..

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China's Parliament ratifies AIIB agreement

November 4, 2015

China’s Parliament has ratified the Asian Infrastructure Investment Bank (AIIB) agreement which establishes the legal framework for the Bank. The ratification by China, which is the bank’s largest shareholder is considered significant step closer to the AIIB’s formal establishment. Earlier ..

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China nominates Jin Liqun for President of AIIB

July 9, 2015

China has nominated its former finance Minister Jin Liqun as the Presidential candidate for $100 billion Asian Infrastructure Investment Bank (AIIB). Presently, Jin is Secretary General of AIIB’s interim secretariat. Prior to this he was chairman of China International Capital ..

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50 nations, including India sign 60-article agreement on China-led AIIB

June 30, 2015

50 founding nations including India have signed 60-article agreement of China-led multilateral Asian Infrastructure Investment Bank (AIIB). Australia was the first country to sign the agreement and was followed by 49 other members. Indian Ambassador Ashok Kantha signed the agreement ..

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Australia to join China led AIIB

June 27, 2015

Australia has decided to join the China-led Asian Infrastructure Investment Bank (AIIB) as a founding member. In this regard, Australia will contribute paid-in capital of 718.5 million US dollars over next five years i.e. till 2020.  With this investment it ..

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