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 1 year ago

What is Cybersecurity and Infrastructure Security Agency (CISA) and what is its role in infrastructure protection?

What is separation and what role does it play in a program of national infrastructure protection

What is the role of Homeland Security in critical infrastructure protection? give an example.

What Asian countries would be best suited for companies in the scenarios given below? Give a...

What Asian countries would be best suited for companies in the scenarios given below? Give a brief explanation based on the pros of locating in a particular country. a. A company wants to have a low-cost English-language call center to handle problems with its products. b. A company wants to produce a low-price household item. c. A company wants to sell a new high-end flat screen TV. d. A company wants to engage in R&D in Asia....

International students from Asian countries often have trouble adjusting to American classrooms. Researchers hypothesize that Asian...

International students from Asian countries often have trouble adjusting to American classrooms. Researchers hypothesize that Asian students might talk less often. A study evaluated the propensity of Asian males to speak in class. On the scale in the study, American males have a mean of 10.0. A random sample of 64 Asian males had a sample mean of 8.75 and sample standard deviation of 2.57. Conduct a hypothesis test at α = 0.05 to see if Asian males speak less...

what is the role of bank? what problems are they solving?

How Medical Ethics Differ in Asian Countries Compared to African Countries. Write an essay and elaborate...

How Medical Ethics Differ in Asian Countries Compared to African Countries. Write an essay and elaborate in detail up to max of 2000 words.

detail about the role of Islamic finance in infrastructure development....

1. What is IT infrastructure? 2. What are the stages of IT infrastructure evolution? 3. What are...

1. What is IT infrastructure? 2. What are the stages of IT infrastructure evolution? 3. What are the drivers of IT infrastructure evolution? 4. What are the seven major IT infrastructure components? What are the major vendors in each component? 5. Describe and assess one of the current trends in computer hardware platforms. 6. Describe and assess one of the current trends in computer software platforms. 7. What are the challenges of managing IT infrastructure and management solutions?

The personal savings rate in Asian countries is often much higher than in Europe or the...

The personal savings rate in Asian countries is often much higher than in Europe or the United States. For instance, the personal savings rate in the United States is around 5 percent, while the same rate in China is around 30 percent. What impact will this have on the growth of capital stock in the United States versus China? In the above question, suppose that savers in China decide to put a significant portion of their savings into financial instruments...

Question