Nepal is one of the founding members of the AIIB that was established with an initial authorized capital of US$ 50 billion. The Beijing-headquartered lender aims to fund energy, transport and infrastructure projects in Asia. The authorized capital will eventually be raised to $100 billion.
A given country's share in the bank has been fixed in proportion to the GDP of that country. Nepal will have a share of 0.08 percent, or $89 million (Rs 8.27 billion), in the newly established bank.
Former Finance Minister Ram Sharan Mahat had signed the AoA in June amid a grand ceremony held at the Great Hall of the People in Beijing.
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