Taiwan to seek ordinary membership in AIIB after initial rejection

The China Post
Date: April 13, 2015
By: CNA

Taiwan wants to become an ordinary member of the Asian Infrastructure Investment Bank

Central Bank Governor Perng Fai-nan (彭淮南), right, explains the difference in membership privileges between a founding member versus a normal member at the Legislative Yuan, Monday April 13. (CNA)

Central Bank Governor Perng Fai-nan (彭淮南), right, explains the difference in membership privileges between a founding member versus a normal member at the Legislative Yuan, Monday April 13. (CNA)

(AIIB) now that its bid to become a founding member has failed, Legislative Speaker Wang Jin-pyng said Monday, citing a consensus reached between the executive and legislative branches.

Wang made the announcement following a meeting with Premier Mao Chi-kuo (毛治國).

Also attending the meeting were Central Bank Governor Perng Fai-nan (彭淮南), Finance Minister Chang Sheng-ford (張盛和), Foreign Affairs Minister David Lin (林永樂), Mainland Affairs Minister Andrew Hsia (夏立言) and Executive Yuan Secretary-General Chien Tai-lang (簡太郎) as well as legislative caucus leaders.

The meeting was held after the Taiwan Affairs Office under China’s State Council confirmed that Taiwan’s application to become a founding member of the AIIB had been rejected by the bank’s Multilateral Interim Secretariat.

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