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The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank and international financial institution that aims to collectively improve economic and social outcomes in Asia. It is the world's second largest multi-lateral development institution.
- 16 January 2016; 7 years ago
- Jin Liqun (President)
- 109 member states
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 109 approved members worldwide.
- What Is The Asian Infrastructure Investment Bank (AIIB)?
- Understanding The Asian Infrastructure Investment Bank
- Structure of The Asian Infrastructure Investment Bank
- Examples of AIIB Investments
- The Bottom Line
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that provides financing for infrastructure projects in Asia. Like other development banks, its mission is to improve social and economic outcomes in its region, Asia, and beyond. It has 106 member countries and $100 billion of capitalization, as of 2023. The AIIB was...
China's leader Xi Jinping first proposed an Asian infrastructure bank at an APECsummit in Bali in 2013. Many observers have interpreted the bank as a challenge to international lending bodies, such as the International Monetary Fund (IMF), the World Bank, and the Asian Development Bank. These institutions had been criticized for providing insuffici...
The bank is headed by a Board of Governors composed of one Governor and one Alternate Governor appointed by each of the member countries. A non-resident Board of Directors is responsible for the direction and management of the Bank such as the Bank’s strategy, annual plan and budget and establishing policies and oversight procedures. The bank staff...
The bank's priorities are projects that promote sustainable Infrastructure and to support countries that are striving to meet environmental and development goals. The bank funds projects linking countries in the region and cross-border infrastructure projects for roads, rail, ports, energy pipelines and telecoms across Central Asia and maritime rou...
The Asian Infrastructure Investment Bank, or AIIB, is a Beijing-based intergovernmental organization dedicated to funding infrastructure and development projects throughout Asia. It is sometimes described as an alternative to the legacy system of international finance. Although originally proposed by China, it now has over a hundred member states. ...
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 109 approved members worldwide.
This article is published in collaboration with LinkedIn. This piece is adapted from a column for TIME magazine last week, outlining what the Asian Infrastructure Investment Bank means for US global leadership. Publication does not imply endorsement of views by the World Economic Forum.
Mar 27, 2015 · What the AIIB Means for the US-China Power Transition. Is Washington determined to keep China isolated? By Jin Kai. March 27, 2015. Credit: Official White House Photo by Pete Souza. As AIIB...
Apr 14, 2015 · Both the Silk Road Fund and, now, the AIIB are designed to encourage infrastructural development across Asia. They both offer an alternative to the World Bank. The AIIB therefore represents a snub towards the US, the World Bank and – regionally – the Asian Development Bank.
