Tonga joins Asia Infrastructure Investment Bank (AIIB)

The kingdom of Tonga has become the 84th member of the Asian Infrastructure Investment Bank (AIIB).

The occasion was marked with a flag ceremony at the AIIB heaadquarters, with the presiding presence of the President of the AIIB Jin Liqun, Vice President Right Sir Danny Alexander, Vice President D.J Pandian and Senior Officials from the AIIB.

A statement said the AIIB has also appointed the Tevita Lavemaau, the Minister of Finance of the Government of Tonga, as the Governor representing Tonga to AIIB.

Balwyn Faótusia, the CEO of the Ministry of Finance, was also appointed as Tonga’s Alternate Governor.  Tonga, together with Fiji, Samoa and Vanuatu, has joined the Constituency Office led by the Executive Director of South Korea and the Alternate Executive Director of Israel.

At a brief exchange between Ambassador ‘Uta’atu and President Jin, Ambassador ‘Uta’atu remarked, “as the Representative of His Majesty and the Government of Tonga to the People’s Republic of China, I am deeply honoured to witness the final phase of Tonga’s membership process and the flag ceremony, to mark the official accession of the Kingdom of Tonga as the 84th member of AIIB”.

Ambassador ‘Uta’atu also expressed his sincere gratitude for the trust and the decision to approve the application of the membership of the Kingdom of Tonga.

President Jin in his remark, welcomed the Kingdom of Tonga to the AIIB and  looks forward to forging closer working relationship with Tonga in the areas of Climate Change and Renewable Energy, to name a few.

 

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