Serbia has officially become the 73rd non-regional member of the Asian Infrastructure Investment Bank (AIIB).
The Minister of Finance Sinisa Mali said that the membership was great news for Serbia which now had the access to affordable loans for the implementation of priority projects, the Ministry of Finance said in a press release.
The Ministry pointed out that Serbia had carried out all the required procedures and met the membership conditions. Namely, Serbia has adopted a Law on the Confirmation of the Founding Act of the Asian Infrastructure Investment Bank at the National Assembly, deposited the instrument of accession and paid the first instalment of its share in the bank’s capital.
The Resolution of the AIIB Board of Governors adopted on August 15, 2019, confirmed that Serbia has met all the required prerequisites and hence approved the membership.
The press release reminded that Minister Mali submitted the official request for membership in 2018.
The Asian Infrastructure Investment Bank, based in Beijing, became operational in 2016. Apart from Serbia, its new non-regional member, banks members outside of Asia-Pacific include Great Britain, Germany, France, Italy, The Netherlands, Spain and others,
The Resolution of the Board of Governors also confirmed Greece as a 74th member of this international organization.
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