The prospective founding members of the Asian Infrastructure Investment Bank have been finalized at 57.
China's Ministry of Finance made the announcement after seven more countries received approval, including Sweden, Israel, and South Africa.
The 57 founding members represent five continents.
The authorities say though the deadline for founding membership has past, the bank will continue to accept new members.
Founding members of the bank will have say in how the organizational structure of the AIIB will be laid-out.
Non-founding members will have voting rights when the bank is officially formed later this year.
The bank is set to provide financing for roads, railways, airports and other infrastructure projects in Asia.
For more the structure of the bank, CRI's Paul James earlier spoke with John Ross, Senior Fellow with Chongyang Institute of Financial Studies, Renmin University.
