(MENAFN) Lebanon was announced to have been granted an approval for its membership application by the Asian Infrastructure Investment Bank's (AIIB) Board of Governors.
AIIB Vice President and Corporate Secretary Sir Danny Alexander declared "we're pleased to welcome Lebanon as a prospective member."
The AIIB president added "it is an important and historic commercial hub in the Middle East and we look forward to Lebanon playing an active role within AIIB."
The country is set to official be welcomed in AIIB as a regional member when it finishes the required domestic processes and deposits the first capital installment with the bank.
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