The Asian Investment Bank for Infrastructure (IBEB) approved Saturday, July 13, the accession of Benin, Djibouti and Rwanda, at the annual meeting of the bank in Luxembourg.
With these newcomers, the bank that seeks to position itself in the global financial landscape, increases the number of its members to 100.
The Asian Infrastructure Investment Bank (IBIT) is an investment bank proposed by the People’s Republic of China to compete with the International Monetary Fund, the World Bank and the Asian Development Bank to meet the growing need infrastructure in South-East Asia and Central Asia.
Beijing-based Multilateral Development Bank, in January 2016, IBIT began investing in sustainable infrastructure and other productive sectors in Asia and beyond.
Beijing-based Multilateral Development Bank, in January 2016, IBIT began investing in sustainable infrastructure and other productive sectors in Asia and beyond.
