The Asian Infrastructure Investment Bank (AIIB) has approved membership for four nations, CÃ´te d’Ivoire, Guinea, Tunisia and Uruguay, bringing its total number of member states to 97.
Danny Alexander, AIIB vice president, said: "The growth in membership from Africa and Latin America demonstrates the importance that these countries attach to improving infrastructure and connectivity with Asia. It also reflects the commitment of our members to multilateral co-operation and high standards of governance.
"We look forward to the contribution that these four countries will make to the development of AIIB."
The AIIB has approved 36 applications from new members in the period after its founding.
Image: Montevideo Airport in Uruguay (Libertinus Yomango/CC BY-SA 2.0)