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AIIB Gets 100 Members
  ·  2019-12-26  ·   Source: NO.52 DECEMBER 26, 2019

 

Jin Liqun (center), President of the AIIB, and representatives from Benin (second left), Djibouti (second right) and Rwanda (right) pose for a photo during the bank's annual meeting in Luxembourg on July 13 (XINHUA) 

The Asian Infrastructure Investment Bank (AIIB)'s board of governors approved membership for three African countries, Benin, Djibouti and Rwanda, at their annual meeting in Luxembourg on July 13. This took the total number of AIIB members to 100.

Since January 2016, the AIIB has provided $8.5 billion in loans for 45 projects in 18 member countries, many of them in renewable energy and green infrastructure. It has received the highest credit ratings from three top rating agencies, Standard & Poor's, Moody's and Fitch Ratings.

By the end of 2018, the bank's total investment had reached $7.5 billion, up from $4.2 billion a year earlier, according to its annual report.

The construction of its headquarters in Beijing was completed on October 24.

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