Hungary could join AIIB as ordinary member in H2

Pharma

Hungary could become a member of the Asian Infrastructure Investment Bank (AIIB) in the second half of the year, Minister of Foreign Affairs and Trade Péter Szijjártó told Hungarian news agency MTI today.

Hungary could join AIIB as ordinary member in H2. Hungary does not wish to be a founding member, but an ordinary member, Szijjártó said. The list of AIIB founding members is expected to be finalized today.

Hungaryʼs government decided to request AIIB membership last week, Szijjártó said. The bank is expected to start operating at the end of this year, thus a decision on membership requests is seen being taken in the second half of the year, after which rules governing the bankʼs operation will be approved, he added.

Hungary expects its membership with the AIIB to improve its international financing network and strengthen its presence on Asian markets, Szijjártó said.

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.

Support the BBJ

Industry