Asian Infrastructure Investment Bank
- The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia.
- It is established by the AIIB Articles of Agreement (entered into force 25th December 2015) which is a multilateral treaty.
- Headquarters: Beijing, China
- Members:
- 102 members.
- India joined AIIB in 2016 as a regional member of the Bank.
- Further, fourteen of the G-20 Nations are AIIB members including France, Germany, Italy and the United Kingdom.
- China is the largest shareholder in AIIB with a 26.06% voting power, followed by India with a 7.62% voting power.
Asian Development Bank
- ADB is a regional development bank established on 19th December 1966.
- Headquarters: Manila, Philippines.
- Members:
- It has 68 members, 49 from within Asia.
- India is a founding member.
- Japan holds the largest proportion of shares in ADB followed by the USA.
- It is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
