It was the first time the bank had held the two-day gathering outside Asia since it was founded at the end of 2015, as it seeks to position itself in the global financing landscape. Photo: Xinhua

China-backed Asian Infrastructure Investment Bank adds Benin, Djibouti and Rwanda

  • The addition of the three African countries was announced at the bank’s annual meeting in Luxembourg on Saturday
  • Analyst says AIIB promotes Beijing’s interests, and by not being part of it, the United States has helped China control the bank more tightly
Topic |   Asian Infrastructure Investment Bank

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It was the first time the bank had held the two-day gathering outside Asia since it was founded at the end of 2015, as it seeks to position itself in the global financing landscape. Photo: Xinhua
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Linda Lew

Linda Lew

Born in China and raised in New Zealand, Linda joined the Post as a reporter in 2018. Previously, she freelanced for Chinese technology media site TechNode. She holds bachelor's degrees in arts and commerce from the University of Auckland, and has a master's in global business journalism from Tsinghua University.