Articles of Agreement of theArticles of Agreement • November 13th, 2016
Contract Type FiledNovember 13th, 2016Finance ministers from fifty-seven countries met in Beijing in October 2014 and signed a memorandum to establish the Asian Infrastructure Investment Bank (AIIB), which will focus on funding infrastructure to boost economic development in the Asia Pacific region. The Articles of Agreement were opened for signature on June 29, 2015 and must be ratified domestically by December 31, 2016. The AIIB was inaugurated on January 16, 2016 with the first board of directors meeting and began accepting investment projects.