Home / News From Nigeria / World News / Iran Joins China-Led AIIB Asian Infrastructure Investment Bank

Iran Joins China-Led AIIB Asian Infrastructure Investment Bank

The China-led Asian Infrastructure Investment Bank accepted Iran’s membership on Tuesday, the Iranian embassy in Beijing said.

 The Islamic Republic thus became the 34th founding member of the AIIB, which is the main rival of the World Bank, Iran’s Fars news agency reported.

iran

© AFP 2015/ Takaki Yajima

The Iranian embassy noted that the AIIB officials had invited Iran’s banking officials to attend the upcoming meetings of the bank.Fifty-seven countries have applied for membership in the international bank and 34 have already been granted membership. China is going to invest about $50 billion in the bank to hold about 50 percent of AIIB’s shares.

Russia’s First Deputy Prime Minister Igor Shuvalov, speaking on Saturday at a forum in Boao on the Southern Chinese island of Hainan, said the country plans to join the AIIB.  Washington’s European allies including Britain, France, Germany and Italy have already also announced they would join the bank, leaving the US isolated, World Bulletin reported.

Other countries such as Turkey and South Korea have also said they would join. Brazil, China’s top trading partner, said on Friday it would sign up.

Send Money To Nigeria Free

About BalogunAdesina

International political activist, public commentator, Political scientist and a law abiding citizen of Nigeria.
Famous Quote —> “AngloZionist Empire = Anglo America + Anglo Saxon + the Zionist Israel + All their Pamement Puppets (E.g all the countries in NATO,Saudi Arabia,Japan,Qatar..) +Temporary Puppets (E.g Boko haram, Deash, alQeda,ISIL,IS,…)”

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Joint statement by Presidents of Iran, Russia and Turkey

President of The Islamic Republic of Iran Hassan Rouhani, President of The Russian Federation Vladimir Putin and President of The Republic of Turkey Recep Tayyip Erdogan, gathered in Sochi on November 22, 2017, for а tripartite meeting, reaffirmed their determination to continue active collaboration among Iran, Russia and Turkey with а view to establishing peace and stability in Syria, envisaged by UNSCR 2254. The Presidents expressed satisfaction with the current level of tripartite coordination on maintaining and strengthening the ceasefire ...