PHNOM PENH, March 18 -- Cambodian Prime Minister Hun Sen said Wednesday that the China-proposed Asian Infrastructure Investment Bank (AIIB) is very attractive to rich countries, particularly in Europe.
The prime minister's remarks came after Germany, Franceand Italy followed the suit of Britain in deciding to join AIIB as founding members.
"These are rich countries in Europe, so AIIB's capital will be bigger," Hun Sen said during a ground-breaking ceremony for the construction of a road in Banteay Meanchey province, adding that Cambodia is one of the co-founders of the AIIB.
He said the AIIB will play a complementary role to the Asian Development Bank or the World Bank.
"AIIB will be beneficial to developing countries which need capital for infrastructure development," he said.
Meanwhile, the prime minister said BRICS (Brazil, Russia, India, China and South Africa) Development Bank and China's Silk Road Fund will also play a very important role to provide financial support to developing countries.
J-11 fighters in air exercise
Beauties dancing on the rings
Attendants-to-be join Mr. & Miss Campus Contest
Beijing's toughest anti-smoking law takes effect
Family lives in cave for about 50 years in SW China
PLA soldiers operating vehicle-mounted guns in drill
Blind carpenter in E China's Jiangxi
China hosts overseas disaster relief exercise for the first time
20 pairs of twins who will become flight attendants in Sichuan
Obama is sowing discontent in S.China Sea
Rescuers work through night to reach cruise ship survivors
Driving through limbo
Facing down MERSDay|Week
