More European countries to join AIIB

Jin Liqun, former chairman of investment bank China International Capital Corp and vice-president of the Asian Development Bank, appointed as secretary-general of the Multilateral Interim Secretariat for Establishing the AIIB.

Oct 24, 2014 - Representatives from 21 Asian nations signed an agreement to establish the AIIB, including Bangladesh, Brunei, Cambodia, China, India, Kazakhstan, Kuwait, Laos, Malaysia, Mongolia, Myanmar, Nepal, Oman, Pakistan, the Philippines, Qatar, Singapore, Sri Lanka, Thailand, Uzbekistan and Vietnam.

Nov 24, 2014 - Indonesia signed up as the last ASEAN country to join the AIIB. The establishment of the bank aims at spurring investment in Asian energy, transportation, telecommunications and other infrastructures.

Jan, 2015 - The number of AIIB founding members rose to 26, after New Zealand, Maldives, Saudi Arabia and Tajikistan officially joined.

Mar 12, 2015 - China received confirmation from the UK that it was applying to join the AIIB as a founding member. UK becomes the first of the G7 leading economies to join the bank.

Mar 17, 2015 - France, Germany and Italy are reported to have agreed to sign up to the AIIB. According to Financial Times, South Korea, Switzerland and Luxembourg are pondering whether to join the new international initiative.

Later 2015- The AIIB is expected to finalize its lending and shareholding agreement and be formally launched by the end of the year.