What kind of organization is AIIB?

AIIB is an intergovernmental organization.

The Asian Infrastructure Investment Bank is an intergovernmental multilateral development institution in Asia. Focusing on supporting infrastructure construction, it aims to promote the process of interconnection and economic integration in Asia and strengthen cooperation between China and other Asian countries and regions. It is the first multilateral financial institution initiated by China and headquartered in Beijing.

Main functions:

1. Promote public and private capital investment in regional development, especially in infrastructure and other production areas.

2. Use its disposable funds to provide financing support for the development of the region, including projects and plans that can most effectively support the harmonious development of the overall economy of the region, and pay special attention to the needs of underdeveloped members in the region.

3. Encourage private capital to participate in projects, enterprises and activities conducive to regional economic development, especially the development of infrastructure and other production fields, and supplement private investment when private capital financing cannot be obtained on reasonable terms.

4. Other activities and services provided to strengthen these functions.