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Asian infrastructure investment bank should further promote global infrastructure projects: China President – President of China to promote global infrastructure projects to Asian infrastructure investment bank

BEIJING, July 28 (Chinese language) Chinese President Xi Jinping on Tuesday said the institute should further accelerate the development of the worldwide infrastructure sector with the number of members of the Asian Infrastructure Investment Bank (AIIB) increasing from 57 to 102. . The members of the institute are members from all continents. Beijing-based AIIB launched in 2016. It is a multilateral development bank that aims to help build infrastructure in the Asia Pacific region. China has the highest 26.06 percent voting rights in this institution. India ranks second with 7.5 percent

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Language | Updated: 28 Jul 2020, 09:15:00 PM IST

BEIJING, July 28 (Chinese language) Chinese President Xi Jinping on Tuesday said the institute should further accelerate the development of the worldwide infrastructure sector with the number of members of the Asian Infrastructure Investment Bank (AIIB) increasing from 57 to 102. . The members of the institute are members from all continents. Beijing-based AIIB launched in 2016. It is a multilateral development bank that aims to help build infrastructure in the Asia Pacific region. China has the highest 26.06 percent voting rights in this institution. India is in second place with 7.5 percent. Russia has 5.93 percent and Germany has 4.5 percent. Xi said in his address on the occasion of the annual meeting of the institute, “Let's aim for the development of all and make AIIB a new type of multilateral development bank that will promote development around the world.” ..Based infrastructure contact serves as an important physical basis. AIIB should commit to meet the development needs of all its member countries and provide high quality, low cost and sustainable investment for traditional and new types of infrastructure. This will give a new impetus to economic and social development in Asia and beyond. “The President said,” … the number has increased to 102 from 57 founding member countries of the institute today. These countries are from six continents… Asia, Europe, Africa, North America, South America and Oceania…. AIIB's capacity has grown day by day and has given its member countries around $ 20 billion to invest in infrastructure. “According to a statement, the total debt sanctioned by AIIB to India is $ 3.06 billion.

Web title president of china to promote global infrastructure projects to asian infrastructure investment bank(Hindi News from Navbharat Times , TIL Network)

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