ECONOMY


Asian Infrastructure Investment Bank officially established

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Baku, December 27, AZERTAC

An Asian Infrastructure Investment Bank has been officially established in Beijing. Azerbaijan is one of the founding members of the bank. The bank, which was established on the initiative of China, is the first multi branch financial institution in the world.

According to Xinhua news agency, minister of finance of China Lou Jiwei said the establishment of the bank is an important event in the system of management of global economy.

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