By Ankit Panda
March 30, 2015
Just a few days shy of China’s end-of-March deadline for founding membership in the Asian Infrastructure Investment Bank (AIIB), Australia confirmed that it will join the AIIB.
Prime Minister Tony Abbott’s government announced over the weekend that it had chosen to sign on to join the bank as a founding member, becoming the latest U.S.-allied state to join an institution that some in the United States see as a competitor to U.S.-led international financial institutions, like the World Bank.
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