Verdict on AIIB unaided by Singapore summit

Articles of agreement have been finalised and a year-end start-up confirmed, but voting and veto rights of the China-led multilateral lender remain unclear.

Delegates to the recently concluded summit to establish the Asian Infrastructure Investment Bank AIIB put the finishing touches on the lender's articles of agreement AOA and were briefed on the bank's operational timeline by Jin Liqun, secretary general of the AIIB's interim secretariat and a person widely touted to head the multilateral institution.

But while the AIIB is gathering steam and taking shape questions linger over the bank's structure, and if China will retain formal or de facto veto rights.

The AOA will be ready to be signed in June and the bank will be operational by the end of this year, Jin told the 5th...

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