Tunisia has officially joined the Asian Infrastructure Investment Bank (AIIB).
“The AIIB approved the accession of Tunisia on April 22,” the Ministry of Development, Investment and International Cooperation said in a statement.
The total approved membership of the AIIB has increased to 97, the statement reads.
During his visit to China in February, Development, Investment and International Co-operation Minister Zied Ladhari formally requested the membership of the financial institution for his country.
“This would allow Tunisia to receive funding for many development projects, particularly in the areas of infrastructure, transport, renewable energy, and water resources,” the ministry indicated in its statement.
Starting operations in January 2016, the AIIB is a multilateral development bank which aims to improve socio-economic conditions in the Asia-Pacific region.