ASEAN gives full cooperation to establishment of AIIB: Malaysian official

ASEAN is giving full cooperation to the set up of the Asian Infrastructure Investment Bank (AIIB) initiated by China, a Malaysian official said here Saturday.

Malaysian second Finance Minister Ahmad Husni Mohamad Hanadzlah made the remarks after the inaugural ASEAN Finance Ministers' and Central Bank Governors' Meeting (AFMGM).

When asked by Xinhua about ASEAN's attitude towards the recent progress made in the establishment of the AIIB, Ahmad Husni Mohamad Hanadzlah, also co-chairman of the AFMGM, said ASEAN is giving full cooperation to the set up of the AIIB, as it will provide more sources of funding to the region along with the ASEAN Infrastructure Fund.

"We are waiting for China to come up with the structure and model and what will be the contribution from ASEAN countries," he said.

So far, over 30 countries have applied to jointly build the bank as founding members, with Australia eyeing to become the latest. Enditem