(Source: Federal Department of Foreign Affairs of the Swiss Confederation) The Federal Council has launched the consultation procedure with a view to Switzerland joining the Asian Infrastructure Investment Bank (AIIB). Established at China's initiative, AIIB is a new independent financial institution. Its purpose is to foster sustainable economic development in Asia by financing infrastructure projects. The consultation period is set to run until 2 September 2015. The Asian Infrastructure Investment Bank (AIIB) will be founded as a new regional financial institution. Its purpose is...
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