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GUATEMALA CITY (AP) - China is seeking to join the Inter-American Development Bank, Latin America's largest financing institution, as a way to fuel its economic development and increase its influence in the region, officials said Saturday.
Bank President Luis Alberto will sign an agreement of understanding on Sunday with Zhou Xiaochuan, the head of the People Bank of China, to formalize talks over Beijing's request to become a member. The bank's board of directors is holding their annual meeting here Monday and Tuesday.
Moreno said the bank "will initiate talks among its members on whether China can become a member also."
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