AIIB Goes Global

AIIB Goes Global

The 57 members of the China-led Asian Infrastructure Investment Bank (AIIB), held its first meeting at the end of June.

One of the main topics for discussion was procedures for admitting new members with a strong focus on expanding into Africa and South America.24 countries from these regions are planning to apply before 30 September including Chile, Colombia and Venezuela in Latin America, and Algeria, Libya, Nigeria, Senegal and Sudan in Africa.

Trade between these regions and Asia-pacific has grown rapidly in the last decade.

The AIIB has already given four loans to Indonesia, Bangladesh, Pakistan and Tajikistan totalling around USD500 million respectively, with the ADB, World Bank and the European Bank for Reconstruction and Development.

Latest Issue

Construction & Property Magazine title=Issue # 031

Advertisement

Star Coating Solution KCC Paint title=
Polygon R-Pip title=
Multico  title=

Stay Connected

Camcona
Campu Lunpac
Comin Khmer
ETS Cambodia
LCC
SCG
MULTICO
Ocean
Seara Sports Engineering and Creation Asia (Cambodia) Co., Ltd.
TEM
TPC
Wiki
Rinnai
Kansai Paint
Cambodia Business Partner
Camcona Group
KRock
Plus Enterprise
United Mercury Group
Muhibbah Engineering (Cambodia) Co., Ltd
Dynamic Scientific Co., Ltd
CBMS
BMSC Business Machines & Supplies Center
Business Machines & Supplies Center (BMSC)
home.58cam
UPG Cambodia
Fuxin Steel Buildings co. ltd
Phnom Penh Precast Plants co. ltd
Legrand
Sika Cambodia
Group Four
Sokea Garden
ISI PALM co., LTD
Star 5 Condo
Diamond Glass
Schwing Stetter India
YY TYY Taiwan