Page 15 - Mega Digi Page: General Awareness - Jan 2016
P. 15
www.bankersguru.org
(General Awareness)
Asian Infrastructure Investment Bank
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development
bank (MDB) conceived for the 21st century.
History
Chinese President Xi Jinping and Premier Li Keqiang announced
AIIB initiative during their respective visits to Southeast Asian countries in
October 2013.
In October, 2014, 22 Asian countries gathered in Beijing to sign Memorandum of
Understanding (MOU) to establish the AIIB.
Mr. Jin Liqun was appointed as the Secretary General as well as
President-Designate.
€ Headquarters : Beijing, China
€ Membership : 57 Prospective Founding Members.
€ Paid-in capital : $20 billion
€ Authorized capital : $100 billion.
€ Shareholders of AIIB: China - 30.34 % India - 8.52 % Russia - 6.66 %
€ Voting Shares: China - 26.06 % India - 7.5 % Russia - 5.92 %
€
AIIB is being seen as a challenge to the World Bank and the Asian Development
Bank (ADB)
BG Update: The Philippines has officially joined the China-led Asian
Infrastructure Investment Bank (AIIB), becoming its last member before the end of
the year. Contributing $4.5 billion, Germany becomes AIIB's largest non-regional
shareholder
Date of Release -02-Jan-16 SUBJECT: GA www.bankersguru.org
(General Awareness)
Asian Infrastructure Investment Bank
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development
bank (MDB) conceived for the 21st century.
History
Chinese President Xi Jinping and Premier Li Keqiang announced
AIIB initiative during their respective visits to Southeast Asian countries in
October 2013.
In October, 2014, 22 Asian countries gathered in Beijing to sign Memorandum of
Understanding (MOU) to establish the AIIB.
Mr. Jin Liqun was appointed as the Secretary General as well as
President-Designate.
€ Headquarters : Beijing, China
€ Membership : 57 Prospective Founding Members.
€ Paid-in capital : $20 billion
€ Authorized capital : $100 billion.
€ Shareholders of AIIB: China - 30.34 % India - 8.52 % Russia - 6.66 %
€ Voting Shares: China - 26.06 % India - 7.5 % Russia - 5.92 %
€
AIIB is being seen as a challenge to the World Bank and the Asian Development
Bank (ADB)
BG Update: The Philippines has officially joined the China-led Asian
Infrastructure Investment Bank (AIIB), becoming its last member before the end of
the year. Contributing $4.5 billion, Germany becomes AIIB's largest non-regional
shareholder
Date of Release -02-Jan-16 SUBJECT: GA www.bankersguru.org
