AIIB approves membership of Benin, Djibouti and Rwanda

LUXEMBOURG - The China-initiated Asian Infrastructure Investment Bank (AIIB) on Saturday approved the membership of Benin, Djibouti and Rwanda, bringing AIIB's total approved membership to 100.

The decision was made unanimously by AIIB's Board of Governors at its forth annual meeting of AIIB, which was held for the first time outside Asia.

The AIIB, a multilateral development bank investing in sustainable infrastructure and other productive sectors in Asia and beyond, began operations in January 2016.