57 members constitute AIIB

Q.  On 22nd May’15, the China-led Asian Infrastructure Investment Bank (AIIB) finalized Articles of Agreement (AoA). How many members are in the Asian Infrastructure Investment Bank (AIIB)?
- Published on 17 May 15

a. 15
b. 24
c. 57
d. 60

ANSWER: 57
 
The 57-member bank announced that it would be operational by the end of this year. The announcement came after the conclusion of '5th Chief Negotiators' Meeting on Establishing the AIIB', in Singapore. China, with a share of 100 billion dollar is likely take a 25-30 percent stake in the AIIB while India, with a likely share between 10 to 15 percent could be the second-largest shareholder. In all, Asian countries will own between 72-75 percent of the assets of the bank, while European and other nations will own the rest.

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