Asian Infrastructure Investment Bank

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank established in 2016 to support infrastructure projects in Asia and beyond. It aims to promote economic growth by funding projects like roads, bridges, and energy facilities. The AIIB is based in Beijing and has more than 100 member countries. It seeks to enhance connectivity and cooperation across the region, providing financial resources and expertise to help countries develop their infrastructure. The bank complements other institutions like the World Bank, focusing specifically on Asia's unique needs and challenges.