“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. The AIIB is an ‘open and inclusive multilateral development bank,’ China’s Vice Finance Minister Shi Yaobin was cited as saying by Xinhua news agency. The 57 founding members cover five continents, including Asia, Oceania, Europe, Latin America and Africa, according to Shi. The founding members will have priority over other countries which might sign up later, as they possess the right to establish the rules for the bank. Russia became a founder of the AIIB after applying for membership.”

http://rt.com/business/249873-aiib-countries-membership-ministry/

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