Asian Infrastructure Investment Bank Latest News
Recently, the Asian Infrastructure Investment Bank (AIIB) has launched a $10 billion fund facility to support member countries affected by ongoing Middle East conflict.
About Asian Infrastructure Investment Bank
- It is a multilateral development bank established in 2016.
- Objective: It focuses on promoting sustainable economic growth, enhancing regional connectivity, and mobilizing both public and private capital for infrastructure investments.
- Headquarters: Beijing, China
- Membership: It has now grown to 111 approved members worldwide.
- India is a Founding Member of AIIB and the second-largest shareholder after China.
- Governance
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- It 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 is headed by a President who is elected by AIIB shareholders for a five-year term and is eligible for re-election once.
Source: TOI
Last updated on July, 2026
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Asian Infrastructure Investment Bank FAQs
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