AIIB banks on further expansion

The Asian Infrastructure Investment Bank is poised to continue expanding its membership after approving 80 members since its launch less than two years ago, its president, Jin Liqun, said on Sunday in Washington.

The new multilateral development bank has been off to a good start, having met all of its initial objectives by building up a sound management system and a strong pool of talent and having invested in huge projects, Jin told China Daily on the sidelines of the annual meetings of the International Monetary Fund and the World Bank.

"Countries are gradually joining the AIIB," Jin said. "Some are in the process of ratification ... the membership will surely continue to increase."