When did 'Asian infrastructure Investment Bank' Start its operations ?

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank headquartered in Beijing, China, established in 2015 to foster sustainable economic development and improve infrastructure connectivity across Asia. With a membership of 110 countries, AIIB leverages its global partnerships to mobilize financial resources for infrastructure and other productive sectors. Guided by its corporate strategy, AIIB prioritizes investments in green infrastructure, technology-enabled development, regional connectivity, and private sector mobilization, contributing to the achievement of the Sustainable Development Goals and the Paris Agreement objectives.

AIIB brings significant value through its capacity to implement large-scale, high-impact climate projects using diverse financial instruments such as loans, equity, and guarantees. Its track record includes substantial commitments to renewable energy, climate-resilient infrastructure, water resource management, and urban development.

Financing sustainable infrastructure projects and helping developing nations meet their climate goals is a major priority for the bank. By partnering with GCF, AIIB aims to catalyze transformative climate action across its member countries, enhancing resilience and driving low-carbon growth at scale. Its expertise in co-financing and mobilizing private capital further amplifies GCF’s impact, advancing both adaptation and mitigation goals in the Asia-Pacific region and beyond.