AiiB
Asian Infrastructure Investment Bank
What is stands for for AiiB.?
What does AIIB mean?
Ans. Asian Infrastructure Investment Bank
Short Introduction of AIIB.( Asian Infrastructure Investment Bank)
Abbreviation: AIIB
Formation: 16 January 2016 (Open for business)
25 December 2015 (Entry into force Articles of Agreement)
Type: Regional Investment Bank
Legal status: Treaty
Purpose: Crediting
Headquarters: Beijing, China
Membership: 102 Members
Official language:English
Key people: Jin Liqun (President)
Website: https://www.aiib.org
Who We Are
The AIIB (Asian Infrastructure Investment Bank) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, we began operations in January 2016 and have now grown to 103 approved members worldwide. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.
The bank started operation after the agreement entered into force on 25 December 2015, after ratifications were received from 10 member states holding a total number of 50% of the initial subscriptions of the Authorized Capital Stock.
Headquarters
Asian Infrastructure Investment Bank (AIIB), Tower A, Asia Financial Center, No.1 Tianchen East Road, Chaoyang District, Beijing 100101
Tel: +86-10-8358-0000
History of AIIB
The main proposal for the creation of an AIIB "Asian Infrastructure Investment Bank" was first made by the Vice Chairman of the China Center for International Economic Exchanges, a Chinese thinktank, at the Bo'ao Forum in April 2009. The first and initial context was to make better use of Chinese foreign currency reserves in the wake of the global financial crisis.
For this purpose the initiative was officially launched by China's Paramount leader Xi Jinping on a state visit to Indonesia in October 2013. The Chinese government has been frustrated with what it regards as the slow pace of reforms and governance, and wants greater input in global established institutions like the IMF, World Bank and Asian Development Bank which it claims are heavily dominated by American, European and Japanese interests.
In April 2014, Chinese Premier Mr. Li Keqiang delivered an keynote speech at the opening of the Boao Forum for Asia and he said that China was ready to intensify consultations with relevant parties in and outside Asia on the preparations for the Asian Infrastructure Investment Bank.
Read Also these Topics. (Coming Soon)
- History Of Banking?
- What is Banking?
- What does AIIB mean?
- Is Pakistan a member of AIIB?
- Is India a member of AIIB?
- How many countries are members of AIIB?
- Who is the largest shareholder of AIIB?
- Who is the president of AIIB?
- Is AIIB owned by China?
- Why did China create the AIIB?
- Is Japan part of AIIB?
- Does AIIB have members outside Asia?
- Which is the first development bank in the world?
- When was AIIB formed?
- Why is OBOR important for China?
- Who established AIIB?
- Which country is not a founding member of new development bank?
- Who owns the World Bank?
- Who invented bank?
- Who created the First Bank?
- Who is the oldest bank in America?
- Who is the father of bank?
- What was the First National Bank?
0 Comments