Finance Ministry explains AIIB entry

Focus Taiwan
Date: 2015/04/01
By: Wei Shu and Ted Chen

Taipei, April 1 (CNA) The Ministry of Finance stated Wednesday that although proposed by

Finance Minister Chang Sheng-ford (張盛和), left.

Finance Minister Chang Sheng-ford (張盛和), left.

China, the Asian Infrastructure Investment Bank (AIIB) initiative is envisioned to be an international financial institution based on the terms of a Memorandum of Understanding signed by 21 other nations and that therefore, the matter should not be examined under the limited scope of cross-Taiwan Strait relations.

The ministry said that the sending of a letter of intent on joining the AIIB as a founding member will secure the right for Taiwan to voice its opinions on the stewardship of the proposed bank.

According to the ministry, the AIIB is designed to be a regional intergovernmental financial organization similar to the Asian Development Bank.     [FULL  STORY]

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