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Economy
2019
External Sector
International Organizations

With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements:

  1. AIIB has more than 80 member nations.
  2. India is the largest shareholder in AIIB.
  3. AIIB does not have any members from outside Asia.

Which of the statements given above is / are correct?

A.1 only
D.1, 2 and 3
C.1 and 3 only
B.2 and 3 only

Correct Answer: Option A

Statement 1: AIIB has more than 80 member nations. The AIIB has 97 members and is open to accepting more. Therefore, statement 1 is correct.

Statement 2: India is the largest shareholder in AIIB. The allocated shares are based on the size of each member country’s economy. China is the largest shareholder, followed by India. Therefore, statement 2 is not correct.

Statement 3: AIIB does not have any members from outside Asia. The AIIB has members from outside Asia such as Fiji and New Zealand. Membership is open to members of the International Bank for Reconstruction and Development or the Asian Development Bank. Therefore, statement 3 is not correct.

Hence, only statement 1 is correct.

Sources:

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