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Following this announcement, bilateral and multilateral discussions and consultations commenced on
core principles and key elements for establishing the AIIB. In October, 2014, 22 Asian countries
gathered in Beijing to sign Memorandum of Understanding (MOU) to establish the AIIB. At a Special
Ministerial Meeting following the signing of the MOU, Mr. Jin Liqun was appointed as the Secretary
General of the Multilateral Interim Secretariat.
Status.
Discussions among Prospective Founding Members (PFMs) on the establishment of AIIB commenced
with the 1st Chief Negotiators' Meeting (CNM) in Kunming, China, in November 2014. Discussions
about the proposed Articles of Agreement (AOA) were launched at the second CNM, which was held in
Mumbai, India, in January 2015. The AOA was discussed further at the 3rd CNM meeting that was held
in Almaty, Kazakhstan, in March 2015 and at the 4th CNM meeting which took place in Beijing in April
2015. The final text of the AoA was adopted on May 22, 2015 at the 5 th CNM held in Singapore.
Representatives from the 57 PFMs gathered on June 29, 2015 in Beijing at a Signing Ceremony of the
Bank's Articles of Agreement at the Great Hall of the People and 50 PFMs signed the Articles,
including: Australia, Austria, Azerbaijan, Bangladesh, Brazil, Brunei Darussalam, Cambodia, China,
Egypt, Finland, France, Georgia, Germany, Iceland, India, Indonesia, Iran, Israel, Italy, Jordan,
Kazakhstan, Republic of Korea, Kyrgyz Republic, Lao PDR, Luxembourg, Maldives, Malta, Mongolia,
Myanmar, Nepal, Netherlands, New Zealand, Norway, Oman, Pakistan, Portugal, Qatar, Russia, Saudi
Arabia, Singapore, Spain, Sri Lanka, Sweden, Switzerland, Tajikistan, Turkey, the United Arab
Emirates, the United Kingdom, Uzbekistan, and Vietnam. The Articles remain open for signing by PFMs
Until December 31, 2015 and it is expected that the AIIB would be operational by the end of this year.
http://mrunal.org/2014/11/diplomacy-aiib-asian-infrastructure-investment-bankchina-india.html