BAKU, Azerbaijan, November 20. The Asian
Infrastructure Investment Bank’s (AIIB) Board of Governors has
approved Colombia’s membership application, raising the Bank’s
approved membership to 111, Trend reports via the Bank.
Colombia is now AIIB’s 58th non-regional member, 10 of which are
from Latin America.
Prospective members, including Colombia, will officially join
AIIB once they complete the required membership procedures and
payment of their first capital installment to the Bank. The shares
allocated to the new prospective members come from the Bank’s
existing pool of unallocated shares.
The Asian Infrastructure Investment Bank is a multilateral
development bank dedicated to financing “Infrastructure for
Tomorrow,” with sustainability at its core. AIIB began operations
in 2016, now has 111 approved members worldwide, is capitalized at
USD100 billion, and is AAA-rated by major international credit
rating agencies. AIIB collaborates with partners to mobilize
capital and invest in infrastructure and other productive sectors
that foster sustainable economic development and enhance regional
connectivity.
