Context:
AIIB has concluded an internal review, which revealed no evidence of undue influence on the institution’s decision-making process.
About AIIB:
- A multilateral development bank to improve social and economic outcomes in Asia.
- Aim – To connect people, services and markets that over time will impact the lives of billions and build a better future by investing in sustainable infrastructure and other productive sectors.
- Established – 2016
- Headquarters – Beijing.
- Member Countries– 105 members (Regional & Non-regional)
- Governed by – AIIB Articles of Agreement (a multilateral treaty)
- Highest decision-making body – Board of Governors (12 governors).
- Permanent Observer status in the United Nations General Assembly.
- China is the company’s largest stakeholder, followed by India.
Recently, former Reserve Bank of India (RBI) governor Urjit Patel has been appointed vice-president of the Asian Infrastructure Investment Bank (AIIB).
Source: The Hindu
With reference to Asian Infrastructure Investment Bank (AIIB) consider the following statements:
- AIIB has more than 80 member nations.
- India is the largest shareholder in AIIB.
- AIIB does not have members from outside Asia.
Which of the statements given above is/are correct?
[UPSC Civil Service Exam – Prelims – 2019]
- 1 only
- 2 and 3 only
- 1 and 3 only
- 1, 2 and 3
