Finance Minister Nirmala Sitharaman will attend the 9th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) scheduled in Samarkand, Uzbekistan.

• Theme of Annual Meeting : “Building Resilient Infrastructure for All”

About Asian Infrastructure Investment Bank (AIIB)

• AIIB is a multilateral development bank  established in 2016.
• It aims to improve economic and social outcomes in Asia.
• Headquarters :Beijing, China.
• Membership: It has more than 100 members  with 57 founding members.
  • India is also one of the founding members.
  • Fourteen of the G-20 nations are AIIB members including France, Germany, Italy and the United Kingdom.
• Founding Members: 57 countries. India is a founding member.
• Board of Governors: All powers of the Bank are vested in the Board of Governors, which is the highest decision-making body under Articles of Agreement.

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• Largest Shareholder: China is the AIIB’s largest shareholder with a 26.5% voting share.
  • India is the second-largest, with 7.5% Voting share.
  • Russia  has a 5.97% voting share.
• Focus Areas: Provides funding for diverse sectors including transportation, energy, telecommunications, urban development, and rural infrastructure
• In 2018, AIIB was granted Permanent Observer status in the deliberations of both the United Nations General Assembly and the Economic and Social Council