Poland not signing founding act of AIIB
10:29
Poland and the other seven countries did not sign the founding act of the Asian Infrastructure Investment Bank on Monday, Rzeczpsopolita daily reported.
As many as 57 founding-states were to sign the founding act, but Poland, the Philippines, Malaysia, South Africa, Thailand, Kuwait and Denmark refused to do it.
The spokesman of the Polish embassy to Beijing was to have said that, "the relatively short time between the end of the negotiation process in May and the signing of the founding act of AIIB on Monday was insufficient for the Polish ministries and government lawyers to hold consultations." According to the spokesman, Poland hopes to sign the act within the coming months. Deadline for all the countries expires on December 31. China owns over 26 percent of votes at the general meeting of the institution which will have at its disposal $100 billion. Polish share in the entire bank's budget will amount to $831.8 million.
