Poland enters AIIB

The Polish government approved Poland's membership in the Asian Infrastructure Investment Bank (AIIB), the Government Information Center (CIR) informed in a statement. An agreement will be signed by the end of the year. "Taking part in these operations will allow Poland and the Polish economy a maximization of benefits as a result of a newly established international financial institution," said Artur Radziwiłł, the deputy finance minister said few months ago. A memorandum regarding the creation of the bank was signed by 21 Asian countries in October last year. China owns over 26 percent of votes at the general meeting of the institution which will have at its disposal $100 billion. The Polish share in the entire bank's budget will amount to $831.8 million.