File - China's President Xi Jinping (4th R) meets with the guests at the Asian Infrastructure Investment Bank (AIIB) launch ceremony at the Great Hall of the People in Beijing, Oct. 24, 2014. REUTERS/Takaki Yajima
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A total of 57 countries will be founding members of the new Beijing-backed Asian Infrastructure Investment Bank (AIIB), China's finance ministry said Wednesday, throwing together countries as diverse as Iran, Israel, Britain and Laos.Shi said representatives from member countries would meet again at the end of April and May to agree upon an AIIB charter draft and "sign the charter by the end of June".Founder members will initially pay up to one-fifth of the AIIB'S $50 billion authorised capital, which will eventually be raised to $100 billion.
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