Another 25 African , European and South American nations , including Ireland , Canada , Ethiopia and Sudan , are joining China - led Asian Infrastructure Investment Bank in 2017 . The increased interest will boost lending for the $ 100bn multilateral project and strengthen China 's bid to have a greater role globally . This is also in line with President Xi Jinping 's defence of globalisation , which he highlighted at the World Economic Forum this month and in contrast to the more parochial stance of President Donald Trump , who has just pulled out of the Trans - Pacific Partnership ( TPP ) . “So this year the membership will expand quite substantially.” Trump has now mooted the idea that the TPP could be opened up to the likes of China and Indonesia , who are keen to join .
Another 25 African , European and South American nations , including Ireland , Canada , Ethiopia and Sudan , are joining China - led Asian Infrastructure Investment Bank in 2017 . The increased interest will boost lending for the $ 100bn multilateral project and strengthen China 's bid to have a greater role globally . This is also in line with President Xi Jinping 's defence of globalisation , which he highlighted at the World Economic Forum this month and in contrast to the more parochial stance of President Donald Trump , who has just pulled out of the Trans - Pacific Partnership ( TPP ) . Trump has now mooted the idea that the TPP could be opened up to the likes of China and Indonesia , who are keen to join .