Philippines to join China-backed AIIB infrastructure bank

December 30, 2015 5:30 AM

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Philippines to join China-backed AIIB infrastructure bank

MANILA The Philippines is set to join the China-backed Asian Infrastructure Investment Bank, describing it as a "promising institution" that could help accelerate the country's economic growth.

The AIIB, which has become one of China's biggest foreign policy successes, has been formally established and is expected to be operational early next year.

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