Poland expresses intention to become AIIB founding member

Polish Deputy Minister of Finance Artur Radziwill on Thursday said that Poland intends to join the China-proposed Asian Infrastructure Investment Bank (AIIB) as a founding member.
According to the Polish Press Agency, Poland has sent a letter of intent to the Multilateral Interim Secretariat for AIIB. Radziwill added that Poland's participation in the AIIB was part of the country's engagement in global policy.
March 31 was the application deadline. More than 40 countries have expressed the will to participate. The number of founding members will be confirmed on April 15.
The AIIB will be an international financial institution aimed at funding infrastructure projects in Asia. The expected initial subscribed capital will be 50 billion U.S. dollars with its headquarters to be located in Beijing.