Australia ready to join Asian Infrastructure Investment Bank

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Prime Minister Tony Abbott Gives Green Light to $100 Billion Asian Infrastructure Investment Bank

Stephanie Peatling and Philip Wen
Sydney Morning Herald
Sunday, March 29, 2015

Prime Minister Tony Abbott has cleared the way for Australia to join the new multi-billion-dollar, China-led Asian Infrastructure Investment Bank but says some issues remain before Australia could consider full membership.

Abbott announced Australia would sign a memorandum of understanding that will allow Australia to be involved in negotiations to set up the $100 billion bank.

"Key matters to be resolved before Australia considers joining the Asian Infrastructure Investment Bank include the bank's board of directors having authority over key investment decisions, and that no one country control the bank," Abbott said in a statement. ...

... For the remainder of the report:

http://www.smh.com.au/federal-politics/political-news/prime-minister-ton...



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