International Multilateral bank Economy & Banking

AIIB began operations in Beijing in 2016 with 57 founding Members

Background

The Asian Infrastructure Investment Bank, or AIIB, is a multilateral development bank focused on developing Asia.
The stated mission is Financing Infrastructure for Tomorrow in Asia and beyond, with sustainability at its core.
The bank began operations in Beijing in 2016 with 57 founding Members.
The bank has since grown to 111 approved members worldwide, made up of 53 regional members and 58 nonregional members across six continents.
The bank is capitalized at USD100 billion and is AAA-rated by the major international credit rating agencies.
The Board of Governors is made up of one governor plus one alternate governor from each Member.
All its financings since July 2023 are aligned with the Paris Agreement.

Year operations began: 2016 Founding Members: 57 founding Members Approved members: 111 approved members Capital: USD100 billion

Why it matters for exams: Headquarters, founding year and membership of multilateral development banks are regular bank and UPSC questions.

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13 November 2026 Source: Asian Infrastructure Investment Bank

In plain words

AIIB Asian Infrastructure Investment Bank — A multilateral development bank for infrastructure in Asia and beyond.

Board of Governors AIIB Board of Governors — One governor and one alternate governor from each Member.

Regional member AIIB regional member — A member country inside the bank's Asian region.

Paris Agreement Paris Agreement on climate change — The climate agreement AIIB aligns its financings with.