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Mao Chi-kuo: AIIB entry may entail US$200M deposit

Mao Chi-kuo: AIIB entry may entail US$200M deposit

China has said that Taiwan has not been approved as a founding member of the Asian Infrastructure Investment Bank (AIIB), but government officials are hopeful of being able to join at a later date following talks between representatives of Taiwan and China regarding the form and name under which Taiwan would join the bank.

On Thursday Premier Mao Chi-guo told the Legislative Yuan that joining the AIIB could call for an investment of US$200 million for Taiwan. He explained that the initial amount of paid-in capital for the bank is projected at US$10 trillion, in which case Taiwan is expected to chip in US$200 million or so upon entry. If as expected total capitalization is expanded to US$100 trillion, the amount deposited by Taiwan might be enlarged as a result.
Mao added that as a rule, in international banking organizations, voting rights are not directly linked to the size of a member’s deposits in the institution. If AIIB eventually raises its funding to US$100 trillion, all members will be asked to increase their deposits in the bank accordingly.

Mao added that Taiwan expects to join AIIB as a fully-recognized member and emphasized that Taiwan’s role in the bank has already been studied by a team made up of Deputy Premier Chang San-cheng and officials from the Ministry of Finance and the Central Bank. Any future increases in investment by Taiwan will be studied and approved by the Legislative Yuan, he said.

Updated : 2021-09-27 23:57 GMT+08:00