Spain has decided to follow the lead of other European countries and join the founders of ADB Infrastructure Investment (EBIT). It was the only major countries of the European Union had not taken a decision at the last minute has knocked the Chinese government to avoid running out. UK, Germany, France and Italy had already announced in recent weeks its decision to join the project promoted by Beijing.
Finally, the Spanish Government has decided to move to not stay on the sidelines. The Ministry of Economy announced that it has expressed an interest to the Chinese government to participate. The Spanish Government has already submitted a letter to Beijing "indicating its intention to get involved," according to a note released.
Spain's financial contribution will be decided after the approval of Agreement, upon its effective entry into the institution.
