China-backed AIIB approves fund to support members for project preparation
BEIJING (Reuters) - China-backed Asian Infrastructure Investment Bank (AIIB) has approved a special fund to support members for project preparations, AIIB president Jin Liqun said on Saturday.
China will make a contribution of $50 million to the fund, Jin told a news conference.
The AIIB will receive applications for new numbers before the end of September, Jin said.
(Reporting by Elias Glenn, Writing by Kevin Yao; Editing by Jacqueline Wong)
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