By: Wei Shu and Ted Chen
Taipei, April 1 (CNA) The Ministry of Finance stated Wednesday that although proposed by
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]