According to the source, Belarus intends to use the full capacity of the AIIB's financial resources. “Belarus is located at the western border of the Silk Road Economic Belt. We intend to use the bank's resources to invest in transportation, energy industry, manufacturing, and logistics. We intend to invite the AIIB to co-finance projects together with other international financial institutions,” said Yuri Seliverstov.

The ratification of the articles of agreement will allow Belarus to complete by the end of the year the intrastate procedures the country needs in order to become a full member of the bank. Membership will be important for the national economy and for Belarus' more vigorous participation in global projects, BelTA learned from Sergei Rakhmanov, Chairman of the International Affairs and National Security Commission of the Council of the Republic of the National Assembly of Belarus.

Once the document is ratified, Belarus will be able to apply for financing in line with the AIIB's rules and procedures. Belarus may request financing for projects designed to create or modernize existing transport corridors, logistic and energy infrastructure, manufacturing industry, including in the China-Belarus industrial park Great Stone. Belarus will be able to use the new financial incentives to coordinate Belt and Road initiative projects. Belarus will be able to enhance its position and trust in cooperation with China. The AIIB's financing terms are on par with the world's best standards, noted Sergei Rakhmanov.

The Asian Infrastructure Investment Bank (AIIB) was established upon China's initiative in 2015. Its charter capital is close to $100 billion. Since then the AIIB has financed 24 projects worth $4.5 billion. The bank intends to increase the average annual crediting volume up to $4-6 billion in the next few years and up to $10-15 billion later on. The bank has been established to pool resources of various countries for the sake of accomplishing complex infrastructure goals in Asia and beyond. The bank is headquartered in Beijing. The largest shareholders are China, India, and Russia. As many as 84 countries are represented in the Asian Infrastructure Investment Bank now.