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bers acted on the principle of openness Nike Air Vapormax 2018 Baratas , inclusion, professionalism and transparency, and concluded a high-quality agreement text. A total of 53 prospective founding members have signed the agreement.

I know that this agreement has drawn on the practices of existing multilateral development banks in many ways. It has also made some breakthroughs and explored new ways of operation. For example, in terms of governance structure Nike Air Max 2018 Baratas , AIIB has, with reference to the common practice of multilateral development banks, set up a three-tiered structure, consisting of a board of governors www.airmax-2018.es , a board of directors and a management team. It has also put in place an oversight mechanism in line with the principle of transparency, openness, independence and accountability. It is specified in the agreement that the management team will be selected through an open, transparent and merit-based process. This is a new principle not included in the constitution of