FAQs

Why have European and African countries joined the China-initiated AIIB?

Trade and investment opportunities in China and other Asian nations have attracted countries outside Asia to join the AIIB. Back in March, Jin Liqun, president of the new bank, said that infrastructure construction in Asia will require an annual investment of $730 billion from 2015 to 2020 and that the existing institutions were unable to meet that demand. The establishment of the AIIB provides European countries, which currently are experiencing weak economic growth, with opportunities to strengthen cooperation with Asian nations. Countries in other regions are able to take their chance, too. Instead of establishing an "Asian club", the AIIB is a multilateral organization that aims to facilitate deeper economic integration in Asia and beyond.

What can Jin Liqun bring to the bank during his presidency?