AIIB agreement to be signed next week

JUN 25, 20157:36 PM

[BEIJING] Representatives of the 57 prospective founding countries of the Asian Infrastructure Investment Bank (AIIB) will meet in Beijing on Monday to sign an agreement of the bank, the Chinese Foreign Ministry said according to Xinhua.

The AIIB is designed to finance infrastructure construction in the continent. It will have authorised capital of 100 billion US dollars and the initial subscribed capital is expected to be around 50 billion dollars
.