Kazakhstan becomes one of co-founders of Asian Infrastructure Investment Bank

BEIJING. KAZINFORM Today Minister of National Economy of Kazakhstan Yerbolat Dossayev attended the signing ceremony of the memo of understanding on the foundation of the Asian Infrastructure Investment Bank (AIIB) with the forecasted registered capital of USD 100 bln.

"22 countries have joined today in an effort to establish the bank, but we have also agreed that the club of its founding members is open (...). Kazakhstan will take its rightful place for the shareholders' interest will depend on the GDP amount of each member state," Dossayev said after the first sitting of finance ministers of the AIIB member states.

Kazakhstan, China, Bangladesh, Brunei Darussalam, Cambodia, India, Kuwait, Laos, Malaysia, Mongolia, Myanmar, Nepal, Oman, Pakistan, the Philippines, Qatar, Singapore, Indonesia, Sri Lanka, Thailand, Uzbekistan and Vietnam became the signatories to the present memo. Those attending unanimously approved the candidacy of the Deputy Finance Minister of China to head the AIIB international interim secretariat. The AIIB will be headquartered in Beijing.