50 nationsin ,AIIB TAKES SHAPE

 

INDIA TO HAVE 7.5 Percent voting share ,and China 26 percent.

AIIB to finance infrastructure projects in Asia.

China ,India and Russia are the three largest share holders ,

with 30.34 % ,8.52 %  and 6.66% stake respectively.

United kingdom becomes first of G7 NATIONS TO JOIN THE bANK.

Bank expected to be formally established by year end.

 

 

 

source         THE HINDU    30.06.2015