The AIIB was established as a new multilateral financial institution aimed at providing “financial support for infrastructure development in the Asia – Pacific region.”

• The bank started operation after the agreement entered into force on 25 December 2015, with its headquarters in Beijing.
  

  Membership	64 Members 22 prospective members
  Official language	English

• Its goals are also to boost economic development in the region, create wealth, provide infrastructure and promote regional cooperation and partnership. 
• The value of AIIB’s authorized capital amounts to $100 billion, with almost $30 billion invested by China. 
• China, India and Russia are the three largest shareholders of AIIB, taking 30.34%, 8.52%, 6.66% stake respectively. Their voting shares are 26.06%, 7.5% and 5.92% respectively. 
• The share of non-Asian countries is restricted to a maximum of 30 per cent. 
• The bank currently has 64 member states while another 20 are prospective  members for a total of 84 approved members. India is the founding member
  of AIIB. 
• Major economies that are not members include Japan, Mexico, Nigeria, and the United States. 
• The first AIIB Annual Meeting of the Board of Governors was held in Beijing, China in 2016. 
• Third Annual Meeting of the Board of Governors will be held in Mumbai, India
  in June 2018.