Turkey to not become founder of China-led bank

Türkiye Materials 17 March 2015 11:39 (UTC +04:00)

Baku, Azerbaijan, Mar. 17

By Rufiz Hafizoglu - Trend:

Turkey will not join the China-led Asia Infrastructure Investment Bank (AIIB), the Haber7 news channel quoted the country's deputy prime minister, Numan Kurtulmus, as saying March 17.

Kurtulmus made his remarks during a visit to Japan. He said Ankara currently doesn't intend to become a co-founder of the AIIB.

Earlier, 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.

Australia, an ally of the US, also said it would reconsider its stance on the AIIB.

Edited by SI


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