Asian Infrastructure Investment Bank: Finance

Treasury written question – answered on 30th January 2023.

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Photo of Andrew Griffith Andrew Griffith The Economic Secretary to the Treasury

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with 106 approved and prospective members globally. It invests in infrastructure and other productive sectors to foster sustainable economic development, create wealth, and improve infrastructure connectivity in Asia.

Alongside other members, the UK provided an initial financial contribution in return for AIIB shares. More details can be found in the AIIB Capital Order 2015.

In addition, the UK contributed to the AIIB’s Project Preparation Special Fund, which provides grant support for the preparation of high-quality projects for AIIB Members, especially less developed Members.

The Government works closely with the AIIB and other shareholders to ensure its investments are in line with international standards and best practice.

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