Home > Topics > Foreign Trade > Asian Infrastructure Investment Bank (AIIB)

Asian Infrastructure Investment Bank (AIIB) – Building Asia! 🏗️

Established: 2016. HQ: Beijing, China. Members: 100+ (Much larger than NDB).

Context:

  • Asia needs $8 Trillion for infrastructure. World Bank + ADB (Asian Development Bank) didn't have enough money.
  • China launched AIIB to fill this gap.

Objectives 🎯

  1. Infrastructure: Focus on Energy, Transport, Water, and Urban development.
  2. Connectivity: Linking Asian economies (part of China's Belt and Road vision, though AIIB denies direct link).
  3. Green Economy: Moving towards sustainable infrastructure.

Difference from NDB 🆚

  • NDB: 5 BRICS countries (Equal power).
  • AIIB: 100+ countries (China is the biggest shareholder and has Veto power).
  • India in AIIB: India is the 2nd largest shareholder and the largest borrower!
Western Members?

Unlike NDB, AIIB has Western members like UK, Germany, France, Australia. USA and Japan refused to join.

Quiz Time! 🎯

Test Your Knowledge

Question 1 of 5

1. Where is the HQ of AIIB?

Shanghai
Beijing
Tokyo
Manila

💡 Final Wisdom: "AIIB is a success story of Chinese diplomacy. Even US allies joined it, proving that money talks louder than politics." 💰

Next up: AIIB Features & Membership - The Details! 📝

← PreviousNext →