06/29/2015 5:42
China will have 30.34% of the capital and 26 04% of the votes of the new international bank
By Lusa
China will have 30.34% of the capital and 26.06% of the vote the new Asian Investment Bank Infrastructures (Baii), the framework agreement was signed today in Beijing by representatives of 50 countries, including Portugal and Brazil.
This is the first international development bank proposed China, for almost two years, and the Chinese state will contribute 29,780 million (27,045 million euros) of 100,000 million dollars (90,816 million euros) as stipulated capital base Baii.
More than two capital-thirds (75%) of the bank will be distributed among Asian countries and the rest belong to other founding members, including Germany, Australia, France, UK, Switzerland and other major economies, said the official Chinese press.
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