Asian Infrastructure Investment Bank (AIIB)

Purpose

Finance infrastructure and other productive sectors in Asia and beyond, as a China-led alternative to Western-dominated development banks.

Members:

109 approved members

Headquarters:

Beijing, China

History

The AIIB was launched by China in 2016 as a multilateral development bank focused on infrastructure financing across Asia, widely seen as a Chinese-led complement or counterweight to the World Bank and ADB.

Structure

• Board of Governors
• Board of Directors
• Headed by the President

Key facts

• China holds the largest voting share, reflecting its role as the bank's main founder and largest shareholder
• Current President: Jin Liqun (China), the bank's founding President

Pakistan's relationship

Founding member (2016); has received AIIB financing for infrastructure projects alongside broader CPEC investment.