103 countries.

The Asian Infrastructure Investment Bank is an intergovernmental multilateral development institution in Asia, focusing on supporting infrastructure construction. Its purpose is to promote the process of interconnection and economic integration in Asia, and to strengthen the relationship between China and other Asian countries.

regional cooperation.

In July 2020, Liberia's membership application was approved and it became the 103rd member of the AIIB.

Significance of creation: China advocates the establishment of the Asian Infrastructure Investment Bank. On the one hand, it can continue to promote further reforms of the International Monetary Fund (IMF) and the World Bank (WB). On the other hand, it can also supplement the current role of the Asian Development Bank (ADB) in the Asia-Pacific region.

Investment, financing and international assistance functions.

The Asian Infrastructure Investment Bank, referred to as the AIIB, is an intergovernmental multilateral development institution in Asia and the first multilateral financial institution initiated by China. It is headquartered in Beijing.

The Asian Infrastructure Investment Bank promotes the process of interconnection and economic integration in the Asian region, and strengthens China and other Asian countries.

The main functions of the Asian Infrastructure Investment Bank include promoting public and private capital investment in regional development areas, using its available funds to provide financing support for regional development, encouraging private capital to participate in investment that is conducive to regional economic development, and providing

Enhance other activities performed and other services provided by these functions.