logo
 

Chinese President Xi Jinping formally opened Asian Infrastructure Investment Bank, in Beijing . The bank was formally established in Beijing on 25th December last year.

It will invest in sectors including energy, transportation, urban construction and logistics as well as education and healthcare. The bank, headquartered in Beijing, now has fifty seven members.

It will also work together with multilateral development banks including the World Bank and the Asian Development Bank to enable Asian infrastructure construction and sustainable development.

During the inauguration ceremony, Chinese Finance Minister Lou Jiwei was named as the first chairman of the AIIB board of Governors.


No Comments For This Post, Be first to write a Comment.
Leave a Comment
Name:
Email:
Comment:
Enter the code shown:


Can't read the image? click here to refresh

Todays Epaper

neerus indian ethnic wear
Latest Urdu News

Do you think Rishi Sunak can win the race to be the next UK prime minister?

Yes
No
Can't Say