The Asian Infrastructure Investment Bank

The China-led Asian Infrastructure Investment Bank (AIIB) is expected to launch in late 2015 with an initial subscribed capital of US$50 billion and focus on financing infrastructure projects across Asia – including energy, transport and telecommunications infrastructure, urban and rural development, and the environment.

The AIIB recognises the need to complement the existing infrastructure financing provided by the WB and ADB. For Asia to improve the quality of life of its people there is an urgent need to accelerate the infrastructure development of basic necessities such as clean water, hospitals and schools and to create mobility by having more roads, railways and other form of transportation modes.  

The setting up of AIIB is a timely move to help accelerate the economic development of the poorer nations in Asia to foster greater economic integration and ensure lasting peaceful development for all nations in Asia.