Iraq officially joins AIIB

Economy

28-12-2021, 09:32

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Baghdad-INA

The Asian Infrastructure Investment Bank (AIIB) has approved Iraq as new member to join it.

The Iraqi ambassador to China, Shorsh Khaled Saeed, said in a statement received by the Iraqi News Agency (INA) today, Tuesday, that "The Iraqi embassy in Beijing received a letter from the Vice President of the Asian Investment Bank for Infrastructure Ludger Schocknecht, which included obtaining the approval of the Bank's Board of Governors on Iraq's request to join the Asian Infrastructure Investment Bank.

He added that " AIIB, which is headquartered in the Chinese capital, Beijing, provided dozens of loans to its members from countries inside and outside Asia with the aim of establishing infrastructure projects," noting that "the number of countries that joined AIIB from all countries of the world reached 104."