AIIB
Organizations & Companies abbreviation · International Organization
| Stands for | Asian Infrastructure Investment Bank |
|---|---|
| Categories | Organizations & Companies |
AIIB stands for Asian Infrastructure Investment Bank, an international organization abbreviation.
China-initiated multilateral development bank, headquartered in Beijing, that finances infrastructure such as energy, transport and water projects in Asia and beyond. More than 100 countries are members or prospective members.
Example: The AIIB co-financed the highway project with the World Bank.
Usage notes
Proposed by China in 2013, it began operations in January 2016. The United Kingdom joined in 2015 despite US objections, followed by most European countries, while the United States and Japan stayed out. China holds the largest voting share, enough to block major decisions requiring a supermajority.
Related abbreviations
More international organization abbreviations
- ADB – Asian Development Bank
- AfDB – African Development Bank
- ANZUS – Australia, New Zealand, United States Security Treaty
- APEC – Asia-Pacific Economic Cooperation
- ASEAN – Association of Southeast Asian Nations
- AU – African Union
- AUKUS – Australia, United Kingdom, United States
- BIS – Bank for International Settlements
- BRICS – Brazil, Russia, India, China, South Africa
- CARICOM – Caribbean Community
- CERN – European Organization for Nuclear Research
- CIS – Commonwealth of Independent States