AIIB is regarded by some as a rival for the International Montary Fund(IMF), the World Bank and the Asian Development Bank (ADB), which are regarded as dominated by developed countries like the United States.
The United Nations has addressed the launch of AIIB as "scaling up financial for sustainable development"for the concern of Global Economic Governance
In June 2014 China proposed doubling the registered capital of the bank from $50 billion to $100 billion and invited India to participate in the founding of the bank.
There are 45 members as of March 28, 2015
Asia Regional Members | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Non-regional Members
Country | Date of application |
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Australia | 29 March 2015 |
Austria | 24 March 2015 |
Brazil | 28 March 2015 |
Denmark | 28 March 2015 |
France | 17 March 2015 |
Germany | 17 March 2015 |
Italy | 17 March 2015 |
Luxembourg | 19 March 2015 |
Netherlands | 28 March 2015 |
New Zealand | 28 November 2014 |
Spain | 28 March 2015 |
Switzerland | 20 March 2015 |
United Kingdom | 13 March 2015 |