BANGKOK, 11 May 2015, The Cabinet has approved a 5-year investment plan worth 9.5 billion baht for the Asian Infrastructure Investment Bank (AIIB), says Deputy Prime Minister M.R. Priditathorn Devakula.
M.R. Pridiyathorn said Thailand would pay 1.9 billion baht over the next 5 years for her share in the AIIB’s establishment, adding that the investment plan would be reviewed every 5-10 years in case of emergency.
According to him, Thailand must invest at least 47.24 billion baht to maintain its AIIB investor status. The 9.5 billion baht payment plan is the initial capital of the investment. The amount is equivalent to 0.495 percent of Thailand’s 8-year investment budget of 1.92 trillion baht.
The Asian Infrastructure Investment Bank was first initiated by the Chinese Finance Ministry, with a registered capital of 100 billion dollars, 75 percent of which would be contributed by Asian nations and the remaining 25 percent would be invested by non-Asian nations.
The registered capital is divided into 2 portions: the first portion accounts for 20 percent of the total registered capital and the other is the emergency capital, which would only be collected in case of emergency; however, records have shown that international financial institutes such as the AIIB hardly face such difficulties.
The initial capital is allotted into 5 installments over the course of 5 years.
