BRI NEWS Serbia officially joins AIIB


Serbia officially joins AIIB


16:32, September 06, 2019

VCG111223336006 (1).jpg

(Photo: VCG)

BELGRADE, Aug. 22 (Xinhua) -- Serbia officially became a non-regional member of the Asian Infrastructure Investment Bank (AIIB), the country's ministry of finance confirmed on Thursday in a press release.

Serbian Finance Minister Sinisa Mali estimated that by joining this international organization, Serbia will "gain access to favorable credit funds for the implementation of priority projects".

The press release said that the country fulfilled all the necessary procedures and conditions for membership.

Namely, Serbia adopted the Law on Confirmation of the Founding Act of the AIIB, deposited the instrument of accession and paid the first installment of its share in the bank's capital.

The China-initiated multilateral financial institution began operation in January 2016 with 57 founding members, with an agenda focused on supporting sustainable development through infrastructure and other productive sectors in Asia and beyond. 

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue