• The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, it began operations in January, 2016 and has now grown to 100 approved members worldwide. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, is better connects people, services and markets that, over time, impact the lives of billions and build a better future.

• Among the P5 countries, US is not a member of the AIIB. Rest all, China, UK, France and Russia are the members of the AIIB.

• India is the second largest shareholder of the AIIB.