Want China Times, Staff Reporter 2015-05-03
Several countries have been voicing their opinions on the stake they should hold in the China-led Asian Infrastructure Investment Bank (AIIB), even before the rules have been announced, Chinese news website the Paper reports.
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| Russia's first deputy prime minister Igor Shuvalov announces that his country will join the AIIB at the opening ceremony of BFA in Hainan province, March 28. (File photo/Xinhua) |
Several countries have been voicing their opinions on the stake they should hold in the China-led Asian Infrastructure Investment Bank (AIIB), even before the rules have been announced, Chinese news website the Paper reports.
The latest
comment came from Russian deputy minister of Economic Development Stanislav
Voskresensky, who told Rossiya-24 TV channel on April 29 that his country
should be the third-largest shareholder in the AIIB.
Beijing had
announced that the stake of each country in the AIIB will be calculated on the
basis of the size of its economy, but has not yet unveiled the specific rules,
the Paper said.
Citing
projections by Russian experts, Voskresensky said he thinks his country can
seek to become the third-largest shareholder in the AIIB and obtain a seat on
the board of directors.
Meanwhile,
a report in the Press Trust of India on April 23 said that India is poised to
become the second largest player among the AIIB's 57 founding members and hopes
to gain the seat of the bank's deputy governor.
South Korea
has also been talking about its stake in the AIIB, with its Finance Minister
Choi Kyung-hwan projecting a 3%-5% share, the Paper said.
On April
27, the Korea Institute for International Economic Policy projected that South
Korea will gain a 3.35%-3.93% stake in the AIIB.
The
institute's projection was made on the assumption that the shares will be
allocated based on a weighting system that will carry 60% for GDP and 40% for
purchasing power parity. But the institute said the share of each country will
depend on how Russia is classified.
According
to China's plan, 75% of the stake in the AIIB will be controlled by Asian
nations, while 25% will go to countries outside the region.
If Russia
is classified as an Asian country, it may well be in competition with India for
the second-largest stake in the bank, Korean media reports said.
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