Summary

On October 24 2015, representatives from 21 Asian countries signed a memorandum of understanding to form a new Beijing-headquartered regional institution, the Asian Infrastructure Investment Bank (AIIB). The countries were: Vietnam, Uzbekistan, Sri Lanka, Thailand, Singapore, Qatar, the Philippines, Pakistan, Myanmar, Oman, Nepal, Bangladesh, Brunei, Mongolia, Malaysia, Laos, Kuwait, Kazakhstan, India, Cambodia, and China.