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Maldives China Tilt Joins China-led bank membership

Maldives China Tilt Joins China-led bank membership Maldives has approved a proposal to join a brand new investment bank led by China, clearing any obstacle in its path to become a member of the Asian Infrastructure Investment Bank (AIIB), reports Ali Naafiz in Haveeruonline on November 20. Haveeruonline reported that President Abdulla Yameen Abdul Gayoom on November 18 ratified the Asian Infrastructure Investment Bank Membership Bill, which was passed by the parliament on November 12. Following ratification, the Act has been published in the government gazette. According to Haveeru report, the main objective of the AIIB Membership Act is to formulate a law to ensure the Maldives’ membership of the AIIB is in accordance with the constitution, and to set rules and regulations for t...
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