AIIB approves Hungary’s application
The Board of Governors of the Asian Infrastructure Investment Bank (AIIB) has adopted resolutions approving 13 applicants to join the bank, including Hungary, according to a press statement issued by AIIB. The total number of members has thus reached 70.
This is the first time AIIB, an international financial institution that aims to support the building of infrastructure in the Asia-Pacific region, has welcomed new prospective members since its inception, the press statement noted, adding that the approved applicants include five regional and eight non-regional prospective members.
“The interest in joining AIIB from around the world affirms the rapid progress we have made to establish the bank as an international institution," said AIIB President Jin Liqun. “I am very proud that AIIB now has members from almost every continent, and we anticipate further applications being considered by our Board of Governors later this year.”
At its launch in January 2015, there were 57 signatories to AIIB’s Articles of Agreement. The bank expects to welcome more prospective members throughout the year.
MET Group Records 2nd Most Profitable Year in 2023
Gov't Considering Fuel Price Intervention
Uber to Return to Hungary at Beginning of Summer
Time Out Market to Open in Budapest Next Year
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
