Austria, Spain and South Korea approved as founding members of China-led bank AIIB

Austria, Spain and South Korea approved as founding members of China-led bank AIIB

Austria, Spain and South Korea have been approved as founding members of the Asia Infrastructure and Investment Bank (AIIB), the Chinese Finance Ministry announced Saturday.

A founding member of the bank has the right to help write its rules and Saturday’s additions bring the number of prospective founders to 41. The exact number of founding members will be finalized on April 15.

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