Asian Infrastructure Investment Bank (AIIB)
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that finances infrastructure and sustainable development, headquartered in Beijing and established in 2016.
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that finances infrastructure and sustainable development, headquartered in Beijing and established in 2016.
Purpose
AIIB funds infrastructure such as energy, transport, water and urban development across Asia and beyond, complementing existing institutions like the World Bank and ADB.
India and AIIB
India is one of the largest members and shareholders and a significant recipient of AIIB financing for its infrastructure projects.
Why it matters for UPSC
AIIB's purpose, headquarters and India's role are commonly tested IR and economy facts.
Practise related UPSC PYQs
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Practise PYQs →Frequently asked questions
Where is the AIIB headquartered?
In Beijing, China.
What does the AIIB finance?
Infrastructure and sustainable development projects, mainly in Asia.