Australia announces it will join AIIB

Q.  On 24 June 2015 which country announced that it will join the China-led Asian Infrastructure Investment Bank (AIIB) as a founding member?
- Published on 21 Jun 15

a. Singapore
b. Canada
c. Germany
d. Australia

ANSWER: Australia
 
It will contribute 930 million Australian dollars (718.5million US dollars) as paid-in capital to the institution over five years and will be the sixth largest shareholder.

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