Founding members of the China-proposed Asian Infrastructure Investment Bank will hold a three-day meeting in Singapore this week to discuss operational policies for the establishment of the institution.
The meeting is scheduled for Wednesday to Friday and will be co-chaired by Shi Yaobin, vice minister of China's Ministry of Finance, and Yee Ping Yi, deputy secretary of Singapore's Ministry of Finance.
The Singaporean Finance Ministry says the meeting will discuss the draft articles of agreement for the AIIB. A total of 57 countries have joined AIIB as founding members.
The founding members will initially pay up to one-fifth of the AIIB'S initial 50-billion-dollar authorized capital.
