SINGAPORE: More than 20 countries are waiting to join the China-initiated Asian Infrastructure Investment Bank (AIIB), its designated president said Saturday as he allayed concerns it was aimed to challenge US and Japanese influence in the region.
The number could bring the AIIB on a par with or even surpass membership in the Japan-led Asian Development Bank (ADB), which currently has 67 members, 19 of them outside of the Asia Pacific, according to its website.
"We have 57 countries (which are potential founding members) and to my knowledge...more than 20 countries are on the waiting list," AIIB president-designate Jin Liqun told delegates of the Singapore Summit conference, without naming them.
"That makes it more than 70. I'm sure there will be more countries which will be interested," added Jin, a former Chinese vice finance minister who was put forward by Beijing to head the bank and was elected in August by the prospective founding members.
Beware from these Chinese tactics. Its a matter of financial emergence. he want to b a supremo of entire Asia n other part as well.they r afraid from (America India Japan) alliance #Chinese
will wait and see
Ram Chandra Gaur
AIIB will certainly be able to fill up the gap left by ADB &WB!It may extend loans to Asian countries which would benefit all!
let them compete, the developing nations are in for gain
Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (BRICS Bank) both will be substantial on the world stage. Asia is restoring splendidly, possibly after 2019 East Asia will be the new world center. AIIB has potential to become largest bank of the world after 2039.
Asia had been invaded brutally by barbarous European countries; lots of precious cultural and historical relics have been destroyed. The evil European countries also kidnapped and abused 25 million good African people as black
slaves; and killed each other in World War I and II.
1857 heroes, martyrs and children of India were murdered, Indian must remember this. However Asia must unite together for peace, prosperity and dignity. More countries to join AIIB would be a wonderful thing.