Australia considers joining AIIB after initial reluctance

Global Business

Looking poised to join the Asian Infrastructure Investment Bank after months of signaling its reluctance to become a member, the land down under appears to be opening up to the idea. Australian Prime Minister Tony Abbott said that joining the AIIB was something the country would support, with assurances of transparency and good governance. Greg Navarro filed this report from Singapore.

Australia considers joining AIIB after initial reluctance

Australia considers joining AIIB after initial reluctance

Looking poised to join the Asian Infrastructure Investment Bank after months of signaling its reluctance to become a member, the land down under appears to be opening up to the idea. Australian Prime Minister Tony Abbott said that joining the AIIB was something the country would support, with assurances of transparency and good governance. Greg Navarro filed this report from Singapore.

Highlights:

  • It appeared the Australian government was prepared to stand beside one of its strongest allies, the United States, when it came to joining China’s Asian Infrastructure Investment Bank.
  • Australia is reportedly prepared to become a founding member and invest more than $2 billion.