PROVIDED BY CNNNEXT.COM
Published on Mar 28, 2015
Russia, Australia and the Netherlands have become the latest three countries to decide to join the China-led Asian Infrastructure Investment Bank.
The bank is seen as a rival of the World Bank, the International Monetary Fund, and the Asian Development Bank which is dominated by Japan and the U-S.
The institution has drawn a cool response from the U-S but several European countries including Britain, France, and Germany have already announced they will join the bank.
Brazil has also confirmed it will also sign up to become a member.
The bank is expected to focus on supporting infrastructure projects across Asia.
Other nations will still be able to join the bank, but only as common members.
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