27 January 2016, 16:37 GMT
BEIJING (Sputnik) — The Asian Infrastructure Investment Bank (AIIB) expects new members to join the bank in the beginning of 2017, President Jin Liqun said Saturday.
"I warmly welcome representatives of the countries that may potentially apply for accession to AIIB. The Bank expects applications from those who want to join AIIB… We look forward to new members accession in the beginning of 2017," Jin told the opening ceremony of the two-day AIIB meeting in Beijing.
The president added that the deadline for applying was September 2016.
The AIIB, an international financial institution proposed by China to invest in infrastructure projects in the Asia-Pacific region, was created in October 2014 and currently has 57 founding members.