Cyprus admitted to Asian Infrastructure Investment Bank

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Cyprus admitted to Asian Infrastructure...
 © BusinessMail 2017
By Stelios Orphanides

The board of directors of the Asian Infrastructure Investment Bank (AIIB) approved Cyprus’s admission as a full member, the bank and the Finance Ministry said on Friday.

Cyprus’s admission by the Beijing-based lender is of “political and financial significance,” Finance Minister Harris Georgriades said in a statement emailed by the ministry. “Cyprus is interested in strengthening its ties with Asian economies. Our participation in AIIB expands the scope of economic diplomacy and the prospect of accessing investment capital”.

The AIIB, which finances projects in Asia...

Cyprus admitted to Asian Infrastructure Investment Bank

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