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The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank (MDB) conceived for the 21st century for promoting infrastructure development in Asia. Through a participatory process, its founding members (Brazil, Russia, India, China and South Africa) are developing its core philosophy, principles, policies, value system and operating platform. The Bank's foundation is built on the lessons of experience of existing MDBs and the private sector.
AIIB is offering sovereign-backed and non-sovereign-backed financing (i.e. loans, guarantees, and equity investment). It does not have a concessional financing window, nor does it provide grants. AIIB does not provide financing to individuals.
Comprises initiatives that develop and maintain road transport infrastructure to improve connectivity, safety, and mobility for people and goods.
Encompasses the planning, design, construction, and maintenance of the physical and naturally built environment and public works within the built environment.