With reference to Asian Infrastructure Investment Bank (AIIB)

• World Economy

With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements:

1. AIIB has more than 80 member nations.
2. India is the largest shareholder in AIIB.
3. AIIB does not have any members from outside Asia.

Which of the statements given above is/are correct?

1. 1 only
2. 2 and 3 only
3. 1 and 3 only
4. 1, 2 and 3

Answer

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, AIIB began operations in January 2016 and have now grown to 97 approved members worldwide.

Outside Asia Members: Australia, New Zealand.

The correct option is A.