Title : ASIAN INFRASTRUCTURE INVESTMENT BANK

Date : Jan 17, 2022

Description :

GS II

 

Topic à International Relations

 

• What exactly is AIIB:

 

• The Asian Infrastructure Investment Bank (AIIB) is an international development bank tasked with improving social and economic results in Asia and beyond.
• The Bank's Membership is made up of the parties to the agreement (57 founding members).
• Beijing is the bank’s headquarters.
• It first opened its doors in January of 2016.

 

• Aim:

 

• It seeks to connect people, services, and markets that will influence billions of lives and build a better future by investing in sustainable infrastructure and other productive industries now.

 

• Membership:

 

• There are now over 100 members.
• France, Germany, Italy, and the United Kingdom are among the 14 G-20 countries that are members of the AIIB.

 

• Right to vote:

 

• China is the bank's largest stakeholder, with 26.61 percent of voting shares, followed by India (7.6%), Russia (6.01%), and Germany (6.01%). (4.2 percent ).
• Regional members have 75 percent of the Bank's total voting power.

 

• AIIB organs include:

 

• Board of Governors: Each member country appoints one Governor and one Alternate Governor to the Board of Governors. Governors and Alternate Governors serve at the discretion of the member who appoints them.
• Board of Directors: The Bank's general operations are directed by a non-resident Board of Directors, which exercises all powers given to it by the Board of Governors.
• The Bank has formed an International Advisory Panel (IAP) to advise the President and Senior Management on the Bank's strategy and policies, as well as basic operational matters.

 

• Source à The Hindu

Tags : India, China, ADB