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International relations

China-led development bank expands roster to 100

Despite membership growth, AIIB's lending misses goal

The headquarters of Asian Infrastructure Investment Bank is seen under construction in Beijing. China essentially has veto power over the bank.   © Reuters

LUXEMBOURG -- The China-led Asian Infrastructure Investment Bank is adding three members to bring the number of approved countries and regions to 100, President Jin Liqun said at the AIIB's annual meeting here Friday.

The current tally of 97 includes prospective members yet to officially join. Jin did not name the three newcomers, which will receive official approval Saturday. The bank had 57 members, including prospectives, at its launch in 2016. Today, roughly half of the current roster consists of countries outside Asia, in places like Europe and Africa.

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