Djibouti Rwanda: Aiib and Member Mark

djibouti rwanda: As China's economy soars, the AIIB as a China-led financial institution has won increasing recognition and higher expectations from the global community, Dong Dengxin, director of the Financial Securities Institute at the Wuhan University of Science and Technology, told the Global Times, according to Global Times China. On Saturday, the AIIB announced that it had supported the applications of three African countries - Benin, Djibouti and Rwanda. The 100-member mark, as well as 8.5 billion of loans granted to date, shows the rapid development of the China-proposed multinational lender even though it is still in a take-off period and in search of a sounder corporate governance structure. The decision was made by the AIIB's board at its fourth annual meeting held in Luxembourg on Friday and Saturday. Chinese Finance Minister Liu Kun said at the meeting that the AIIB has become an important new member of the multilateral development system. Including the new members, AIIB members collectively account for 78 percent of the world's total population and 63 percent of global GDP, said AIIB President Jin Liqun. (news.financializer.com). As reported in the news.