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Turkey joins countries founding new Chinese bank

Business Materials 11 April 2015 11:27 (UTC +04:00)
Turkey joined the countries founding the China-led Asia Infrastructure Investment Bank (AIIB).

Baku, Azerbaijan, Apr. 11

By Rufiz Hafizoglu - Trend:

Turkey joined the countries founding the China-led Asia Infrastructure Investment Bank (AIIB), Anadolu Agency reported Apr. 11.

Thus, the number of AIIB founding countries reached 38.

Earlier, the deputy prime minister of Turkey, Numan Kurtulmus, during a visit to Japan, said Ankara will not join the AIIB shareholders.

On March 17, France, Germany and Italy decided to follow UK's suit and join the China-led Asia Infrastructure Investment Bank.

The decision was taken after the UK announced its intention to join the founding members of the AIIB.

AIIB is considered a potential challenger to the World Bank (WB), which is headquartered in Washington, US.

Edited by SI

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Follow the author on Twitter: @rhafizoglu

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