Focus on transparency proves AIIB is on the right course

Transparency and efficiency will ensure high standards at the Asian Infrastructure Investment Bank.

The China-led multilateral bank has been a hot topic again as representatives from 50 founding countries have signed an agreement that establishes the lender's legal framework.

The 60-article agreement specified each member's share as well as the governance structure and policymaking mechanism of the bank, which is designed to finance infrastructure in Asia.