Turkey wants to be prospective founding member
Print Edition
TURKEY has applied to join the Asian Infrastructure Investment Bank as a prospective founding member, China’s finance ministry said yesterday.
Should the other founding members approve the application, it will formally become a founding member on April 10, according to a ministry statement.
The application deadline for prospective founding members is March 31.
Twenty-one countries including China, India and Singapore signed a Memorandum of Understanding last October in Beijing on the bank. Other countries, including Indonesia and New Zealand, soon followed.
Britain, France, Germany, Italy, Luxembourg and Switzerland have applied to join the investment bank, which now has 27 prospective founding members.
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