False


Download Learnerz IAS app from the Play Store now! Download

$show=search/label/May%202022

 


Asian Infrastructure Investment Bank (AIIB) UPSC NOTE

SHARE:

  The Asian Infrastructure Investment Bank (AIIB) is an international financial institution established in 2016 . Started in 2016 with 57 f...

 

  • The Asian Infrastructure Investment Bank (AIIB) is an international financial institution established in 2016.

  • Started in 2016 with 57 founding members, the AIIB now has more than 100 members

  • It is headquartered in Beijing, China.

  • The AIIB aims to support infrastructure development and promote economic growth in the Asia-Pacific region.

Role of AIIB

  • The primary role of AIIB is to provide financing for infrastructure projects in its member countries.

  • AIIB emphasizes sustainable development by integrating environmental and social considerations into its investment decisions.

  • AIIB collaborates with other development institutions, governments, and private sector entities to co-finance projects and leverage additional resources.


  • AIIB provides technical assistance and knowledge sharing to help member countries build capacity and develop sustainable infrastructure projects.

  • AIIB engages in policy dialogue with governments and stakeholders to promote best practices in infrastructure development and improve governance.

Voting Share

  • AIIB's voting power is determined by the number of shares held by its member countries.

  • China holds the most voting power with 26.58%

  • China having contributed $27 billion

  • India is the bank’s second largest shareholder with a 7.6% voting power, and committed $8 billion

  • After China and India, Russia holds the bank’s third largest voting power (5.97%), followed by Germany (4.15%), South Korea (3.49%), Australia (3.45%), France (3.17%), Indonesia (3.16%) and the U.K. (2.89%)

Why Canada halted the involvement in AIIB?

  • Canada's decision to halt its involvement in the AIIB came after the sudden resignation of a Canadian executive who raised concerns about the bank's governance.

  • The Canadian executive stated that the AIIB was being "dominated" by members of China's ruling Communist Party, which raised questions about the bank's independence and decision-making processes.

  • Chinese officials strongly rejected the claims made by the Canadian executive, dismissing them as "outright lies" and "sensational hype."


  • China holds the highest voting power in the AIIB with 26.58%, followed by India with 7.6%.

  • The AIIB has been described as a potential rival to institutions like the World Bank and the Asian Development Bank (ADB), but its capacities and capabilities are often overstated. 

  • Many of the bank's early projects were co-funded with the World Bank or the ADB.

India and AIIB

  • The establishment of the AIIB was seen as a diplomatic achievement for China, as it attracted countries like India that were wary of China's Belt and Road Initiative (BRI).

  • India joined the AIIB while staying away from the Belt and Road Initiative (BRI), as it viewed the two initiatives as separate. 

  • India saw the AIIB as a transparent, multilateral institution, unlike the BRI, which raised sovereignty concerns due to its inclusion of the China Pakistan Economic Corridor (CPEC).

COMMENTS

Name

Amritsar,1,April 2024,301,Art & Culture,11,August 2023,251,August 2024,400,Courses,7,Daily Current Affairs,51,December 2023,189,December 2024,76,Disaster Management,2,Environment and Ecology,323,February 2024,228,Foundation Course,1,Free Class,1,GDP,1,GEMS Club,1,GEMS Plus,1,Geography,311,Govt Schemes,2,GS 2,1,GS1,56,GS2,454,GS3,291,GS4,1,GST,1,History,12,Home,3,IAS Booklist,1,Important News,71,Indian Economy,310,Indian History,24,Indian Polity,341,International Organisation,12,International Relations,260,Invasive Plant,1,January 2024,240,July 2023,281,July 2024,375,June 2022,6,June 2023,268,June 2024,324,March 2024,238,May 2022,17,May 2024,330,Mentorship,2,November 2023,169,November 2024,341,Novermber 2024,2,October 2023,203,October 2024,369,Places in News,2,Science & Technology,318,Science and Technology,119,September 2023,205,September 2024,336,UPSC CSE,115,UPSC Tips,4,
ltr
item
Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Asian Infrastructure Investment Bank (AIIB) UPSC NOTE
Asian Infrastructure Investment Bank (AIIB) UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
https://www.learnerz.in/2023/08/asian-infrastructure-investment-bank.html
https://www.learnerz.in/
https://www.learnerz.in/
https://www.learnerz.in/2023/08/asian-infrastructure-investment-bank.html
true
4761292069385420868
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content