NCPO backs China bank plan | Bangkok Post: business

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NCPO backs China bank plan

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Thailand is committed to participating in the Chinese-initiated Asian Infrastructure Investment Bank (AIIB) as a funding source for regional infrastructure megaprojects that would boost economic development. 

Yongyuth Maiyalap, a spokesman for the National Council for Peace and Order (NCPO), said the military administration yesterday gave the green light for Thailand to join the AIIB and instructed the Finance Ministry to provide more details about the plan.

The planned bank was first announced by Chinese President Xi Jinping and Premier Li Keqiang during visits to Southeast Asia last October as part of efforts by China to boost its regional clout.

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