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20:05, 18-Jun-2017
Second annual AIIB meeting concludes with three new members
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The second annual meeting of the Asian Infrastructure Investment Bank (AIIB) has wrapped up on the South Korean island of Jeju. It was the first time that the event has been held outside China.
During the meeting, the AIIB approved membership applications from Argentina, Madagascar and Tonga. The event drew some 2,000 participants, including representatives of the 57 founding members and 20 new members. The third annual meeting will be held in India in June next year.
The bank has also committed to ensuring sustainable development in its funding for infrastructure projects. Its president, Jin Liqun, stressed that environmental concerns would be taken into consideration, and any infrastructure building would be made to ensure members could meet targets within the Paris agreement on climate change.
