What is the term of Asian Infrastructure Investment Bank and role of them in Asian countries?...

What is the term of Asian Infrastructure Investment Bank and role of them in Asian countries? And also compare to both Asian Development Bank and World Bank, what can Asian Infrastructure Investment Bank be better on those two.

Expert Solution

AIIB is an acronym for Asian Infrastructure Investment Bank. It is a financial institution that aims to support the building of infrastructure. Headquarters in Beijing (China). AIIB has 69members as well as 24 prospective members from across the world. It began operations in January 16,2016. AIIB president Mr.Jin Liqun and chairman of the board of directors.

It comes with clear vision and it mission is to improve social and economic outcomes in its Asia.

ADB is an acronym for Asian Development Bank. It is one of the financial institution founded in 1960s which cooperation in one of the poorest regions around the world. Intially it focused on food production and rural development.

World bank is an largest financial institution that provide loans to countries of the world for capital projects. World bank current president is Jim Yong Kim and it was located in United states. The current cheif executive officer is kristalina Georgieva.

The major difference between these two financial institutions is the ABD provide only assistance to Asian countries and world bank which has a world wide coverage.

AIIB will provide financing for infrastructure projects. So AIIB will be infrastructure focused and world bank and ADB will be more poverty focused.

jeff jeffy answered 2 years ago

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