The Asia Infrastructure Investment Bank (AIIB) is intended to strengthen infrastructure construction and connectivity across Asian countries, and therefore highly geared to the Belt and Road Initiative. In addition to serving the strategic goal of the Belt and Road Initiative, the AIIB is also expected to see vast potential beyond that.
On 24 October 2014, a memorandum of understanding on the establishment of the AIIB was signed in Beijing by the finance ministers and authorized representatives of 21 prospective founding member states, including China, India and Singapore. The AIIB, an inter-governmental institution operating as a multilateral development bank, is committed to improving infrastructure construction and connectivity among Asian countries and therefore completely matches the strategic objectives of the Belt and Road Initiative.
Click to read International Financing's article "AIIB Key to Belt and Road Initiative" (Chinese Only).
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