Asian Infrastructure Investment Bank (AIIB)

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank established in 2016 to support infrastructure projects across Asia. It aims to promote economic growth by funding projects in transport, energy, and urban development, especially in countries that need financial assistance. The AIIB's mission is to enhance connectivity and improve living standards in the region. With its headquarters in Beijing, it comprises member countries from around the world, emphasizing collaboration and investment in sustainable development. By providing loans and technical expertise, the AIIB plays a crucial role in addressing the infrastructure gap in Asia.