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?
Explanation
Statement 1 is correct: The Asian Infrastructure Investment Bank (AIIB) commenced operations in 2016 and expanded rapidly, surpassing 80 approved member countries (currently having over 100 member states worldwide).
Statement 2 is incorrect: China is the largest shareholder in the AIIB, holding approximately 26.6% of voting power (holding effective veto power on major decisions), while India is the second-largest shareholder with roughly 7.6% voting power.
Statement 3 is incorrect: The AIIB comprises both regional members from Asia and Oceania and non-regional members from outside Asia, including Germany, the United Kingdom, France, Australia, and Canada.
Hence, only statement 1 is correct — Option A.