The Asian Infrastructure Investment Bank will hold its landmark inaugural annual meeting this weekend in Beijing, with hundreds of development leaders and stakeholders expected to flock in the Chinese capital to discuss the present and future of the world’s newest multilateral institution.
The bank, with $100 billion in paid-in capital, is expected to be a major force in development financing and implementation not only in the Asia-Pacific region but also in the rest of the world. But AIIB’s journey — from the proposal by Chinese leader Xi Jinping almost three years ago to the bank’s official launch of operations at the start of this year — was not a straightforward affair.
Devex looks at the institutional timeline of the Beijing-based bank — from conception, to establishment, to operation — over the last three years. These are some of the milestones that have made (and still make) AIIB a unique multilateral institution in the global development community.
About the author
Lean Alfred Santos@DevexLeanAS
Lean Alfred Santos is a former Devex development reporter focusing on the development community in Asia-Pacific, including major players such as the Asian Development Bank and the Asian Infrastructure Investment Bank. He previously covered Philippine and international business and economic news, sports and politics.
