The government, at its Cabinet meeting Thursday, adopted a decision to approve Armenia’s subscription instrument to the Asian Infrastructure Investment Bank (AIIB), for which the AIIB will be paid $7.5 million.

The subscription process of Armenia to the AIIB provides for the subscription of shares of the AIIB’s share capital through paid-up and callable shares. The value of one share is $100,000.

Currently, Armenia has been offered membership in the AIIB with a maximum of 374 shares, of which 299 are call shares, and the amount for the remaining 75 shares is $7.5 million, which is payable in five equal installments of $1.5 million each.