Asian Infrastructure Investment Bank

Asian Infrastructure Investment Bank
	Headquarters in Beijing
Abbreviation	AIIB
Formation	16 January 2016
Type	International financial institution
Legal status	Treaty
Purpose	Crediting
Headquarters	Beijing, China
Region served	Worldwide, with a focus on Asia, Africa and Oceania
Membership	109 member states
Official language	English (lingua franca)
Key people	Jin Liqun (President)
Main organ	Board of Governors; Board of Directors;
Website	aiib.org

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.^[4] It is the world's second largest multi-lateral development institution.^[5] Headquartered in Beijing, China, the bank currently has 109 members, including 14 prospective members from around the world.^[1] The breakdown of the 109 members by continents are as follows: 42 in Asia, 26 in Europe, 22 in Africa, 9 in Oceania, 8 in South America, and 2 in North America. The bank started operation after the agreement entered into force on 25 December 2015, after ratifications were received from 10 member states holding a total number of 50% of the initial subscriptions of the Authorized Capital Stock.^[6]

The United Nations has addressed the launch of AIIB as having potential for "scaling up financing for sustainable development"^[7] and to improve the global economic governance.^[8] The starting capital of the bank was US$100 billion, equivalent to 2⁄3 of the capital of the Asian Development Bank and about half that of the World Bank.^[9] The bank was first proposed by China in 2013^[10] and the initiative was launched at a ceremony in Beijing in October 2014.^[11] It has since received the highest credit ratings from the three biggest rating agencies in the world, and has been seen since its inception as a potential rival or an alternative to the World Bank and the International Monetary Fund (IMF).^[12]^[13]

^ ^a ^b "Members and Prospective Members of the Bank". AIIB. Retrieved 28 September 2023.
^ "Articles of Agreement – AIIB" (PDF). Asian Infrastructure Investment Bank. Archived from the original (PDF) on 27 December 2015. Retrieved 21 July 2015.
^ "Jin Liqun Selected President-designate of the Asian Infrastructure Investment Bank". Multilateral Interim Secretariat of AIIB. 24 August 2015. Archived from the original on 3 August 2016. Retrieved 28 August 2015.
^ "AIIB: Who We Are". Retrieved 21 August 2020.
^ Zhao, Suisheng (2023). The dragon roars back : transformational leaders and dynamics of Chinese foreign policy. Stanford, California: Stanford University Press. p. 249. ISBN 978-1-5036-3088-8. OCLC 1331741429.
^ Cite error: The named reference AOAtext was invoked but never defined (see the help page).
^ "World Economic Situation and Prospects 2015" (PDF). United Nations. Retrieved 21 July 2015.
^ United Nations Financing for Development Office. "Global Economic Governance". Archived (PDF) from the original on 3 April 2015. Retrieved 29 March 2015.
^ "The Economist explains". The Economist. 11 November 2014.
^ "China says new bank to complement existing institutions". The Washington Post. 21 March 2015. Archived from the original on 9 May 2015.
^ "Three major nations absent as China launches World Bank rival in Asia". Reuters. 5 November 2014.
^ "AIIB looks to attract private financing for projects". GBTIMES. Archived from the original on 17 August 2018. Retrieved 2 June 2018.
^ Dahir, Abdi Latif. "The growing membership of a China-led development bank challenges the IMF-World Bank orthodoxy". Quartz.

[members-1] "Members and Prospective Members of the Bank". AIIB. Retrieved 28 September 2023.

[AoA-2] "Articles of Agreement – AIIB" (PDF). Asian Infrastructure Investment Bank. Archived from the original (PDF) on 27 December 2015. Retrieved 21 July 2015.

[3] "Jin Liqun Selected President-designate of the Asian Infrastructure Investment Bank". Multilateral Interim Secretariat of AIIB. 24 August 2015. Archived from the original on 3 August 2016. Retrieved 28 August 2015.

[:1-4] "AIIB: Who We Are". Retrieved 21 August 2020.

[5] Zhao, Suisheng (2023). The dragon roars back : transformational leaders and dynamics of Chinese foreign policy. Stanford, California: Stanford University Press. p. 249. ISBN 978-1-5036-3088-8. OCLC 1331741429.

[AOAtext-6] Cite error: The named reference AOAtext was invoked but never defined (see the help page).

[7] "World Economic Situation and Prospects 2015" (PDF). United Nations. Retrieved 21 July 2015.

[8] United Nations Financing for Development Office. "Global Economic Governance". Archived (PDF) from the original on 3 April 2015. Retrieved 29 March 2015.

[9] "The Economist explains". The Economist. 11 November 2014.

[10] "China says new bank to complement existing institutions". The Washington Post. 21 March 2015. Archived from the original on 9 May 2015.

[11] "Three major nations absent as China launches World Bank rival in Asia". Reuters. 5 November 2014.

[12] "AIIB looks to attract private financing for projects". GBTIMES. Archived from the original on 17 August 2018. Retrieved 2 June 2018.

[13] Dahir, Abdi Latif. "The growing membership of a China-led development bank challenges the IMF-World Bank orthodoxy". Quartz.

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