Duterte to Make Philippines’ AIIB Membership Official

Incoming president Rodrigo Duterte’s administration will push for the Philippines’ membership in the China-led Asian Infrastructure Investment Bank (AIIB) to widen financing options in line with plans to ramp up infrastructure development. The country only joined the group last December 31, a day before the deadline, as tensions over the South China Sea simmered. Membership, however, is still unofficial pending Senate…

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