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Image header Agence Europe
Europe Daily Bulletin No. 11469
ECONOMY - FINANCE - BUSINESS / (ae) economy

Towards formation of a eurozone group at AIIB

Brussels, 15/01/2016 (Agence Europe) - Eurozone members of the Asian Infrastructure Investment Bank, AIIB, are to form a single eurozone group.

“I am happy to confirm that all euro area member states which are currently members of the AIIB will form together a euro area constituency at the bank. We've adopted a constituency agreement and that's an important signal towards strong cooperation from the euro area, said Eurogroup president Jeroen Dijsselbloem on Thursday 14 January after a meeting of eurozone finance ministers.

AIIB will be officially inaugurated on Saturday 16 January. Its website says that it has fourteen founder members (ten of them from the eurozone) viz. Germany, Austria, Denmark, Spain, Finland, France, Italy, Luxembourg, Malta, the Netherlands, Poland, Portugal, the United Kingdom and Sweden.

In proposals on rationalising eurozone representation at the IMF, the European Commission recommends setting up one or more groups comprising solely eurozone members, without specifying how the groups should be formed. (Original version in French by Mathieu Bion)

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