Poland signs AIIB agreement

On October 9, Poland's envoy to China signed an agreement establishing  the Asian Infrastructure Investment Bank (AIIB), thus, Poland officially became one of the founding members, the Ministry of Finance reported in a statement. "Taking part in these operations will allow Poland and the Polish economy to maximize 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 the votes at the general meeting of the institution which will have$100 billion at its disposal . The Polish share of the entire bank's budget will amount to $831.8 million.