France officially joined the Asian Infrastructure Investment Bank (AIIB) today, depositing its instrument of ratification of the agreement with the Chinese authorities.
After a vote by the French Parliament on a law to this effect, the deposit of the ratification instrument marks the final stage in our membership process.
The Asian Infrastructure Investment Bank aims to support infrastructure development in Asia and remedy the lack of investment in this sector, while taking environmental concerns into account.
A founding member, France was from the outset part of the negotiations leading to the development of its bylaws. Together with our European partners, we have made sure these bylaws incorporate the highest social and environmental standards used by multilateral banks. France attributes special importance to their implementation in project selection and management.