page_title: Asian Infrastructure Investment Bank
section_title: Governance
hierarchical_section_title: Asian Infrastructure Investment Bank / Governance
caption_attribution_description: 中文: 亚洲基础设施投资银行总部的名称立石。 English: Stone with the name of Asian Infrastructure Investment Bank.
context_page_description: The Asian Infrastructure Investment Bank is a multilateral development bank that aims to improve economic and social outcomes in Asia. The bank currently has 103 members as well as 21 prospective members from around the world. The bank started operation after the agreement entered into force on 25 December 2015, after ratifications were received from 10 member states holding a total number of 50% of the initial subscriptions of the Authorized Capital Stock.
  The United Nations has addressed the launch of AIIB as having potential for "scaling up financing for sustainable development" and to improve the global economic governance. The starting capital of the bank was US$100 billion, equivalent to ​²⁄₃ of the capital of the Asian Development Bank and about half that of the World Bank.
  The bank was proposed by China in 2013 and the initiative was launched at a ceremony in Beijing in October 2014. It received the highest credit ratings from the three biggest rating agencies in the world, and is seen as a potential rival to the World Bank and IMF.
context_section_description: The bank's governance structure is composed of the Board of Governors as the top-level and highest decision-making body. It is composed of 1 governor for each member state of the bank and in principle meets once a year. The board of directors, composed of 12 governors, each representing one or more member is responsible for daily operations and tasks delegated to it by the board of governors. Nine of those members are from within the Asia-Pacific region and three representing members outside the region.
  Of the non-regional directors, 1 constituency is made up of EU member states having the Euro as their currency, and 1 from other European countries.
  New members are considered for admission only once a year. An overview of the constituencies is shown below:
caption: Name plaque of AIIB at its global headquarters in Beijing
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