China-led AIIB Sees Membership Expansion: What's Next?
by Ankit Panda
Earlier this month, the China-led Asian Infrastructure Investment Bank saw its first expansion since the Bank’s launch early last year. The AIIB added 13 new members, bringing its total membership up to 70. Afghanistan, Belgium, Ireland, Peru, Fuji, Hungary, Armenia, Ethiopia, the Republic of Sudan, and Venezuela are included among the 13 applicants to the bank who received approval. Brazil and South Africa — two of the bank’s largest members who received approval to join, but missed a deadline to complete the formal process for membership — received an extension of 12 months to join the development bank. Please click here to continue reading the article.