Tag: Asian Infrastructure Investment Bank (AIIB)

Senate okays PHL membership to AIIB

  (Eagle News)– The Senate has approved the Articles of Agreement of the Asian Infrastructure Investment Bank (AIIB), with a vote count of 20-1, paving the way for the country’s membership to the China-led international financial institution. Senator Loren Legarda, sponsor of the Committee Report on the AIIB treaty, said the Philippines’ membership to the AIIB would help the country to achieve growth through accelerated infrastructure spending. “Infrastructure bottlenecks have stifled our growth potential for […]