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June 27, 2016

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US$50m donation pact signed

FINANCE Minister Lou Jiwei on Saturday signed a donation agreement with AIIB President Jin Liqun, confirming that China will donate US$50 million to an AIIB special fund

This makes China the first donor to the special fund, which will support members with project preparation, Jin said in his speech during the bank’s first annual meeting of the board of governors. The two-day meeting ended yesterday in Beijing.

The AIIB authorized the setup of the special fund on Friday.




 

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