GS PrelimsInternational relationsInternational Organizations2019

With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements : 1. AIIB has more than 80 member nations. 2. India is the largest shareholder in AIIB. 3. AIIB does not have any members from outside Asia. Which of the statements given above is/are correct?

A

1 only

B

2 and 3 only

C

1 and 3 only

D

1, 2 and 3

Correct Answer: Option A

Explanation

1. Statement 1 is correct. The Asian Infrastructure Investment Bank (AIIB) started operations in 2016. By 2019, it had approved memberships well exceeding 80 member nations from across the globe. 2. Statement 2 is incorrect. China is the largest shareholder in AIIB, holding the highest voting power. India is the second-largest shareholder, but not the largest. 3. Statement 3 is incorrect. While AIIB focuses on infrastructure development in Asia, its membership is open to countries from outside Asia as well. Numerous non-regional members (e.g., from Europe, Africa, North America, South America) have joined the bank. 4. Therefore, only statement 1 is correct.

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