Members & non-members of AIIB
Q. Which of the following statements is/are correct about AIIB?
1. Singapore is founding member of AIIB.
2. China, India and Russia are the three largest shareholders of AIIB- Published on 05 Jan 16a. Only 1
b. Only 2
c. Both
d. None
ANSWER: Both
- China holds 30.34 percent, while India holds 8.52 percent and 6.66 percent stake were held by Russia.
- U.K., France, Germany and Italy have joined the bank, despite opposition from USA.
- United States, Japan and Canada stayed away from joining AIIB.
- The capital of the bank is $100 billion, equivalent to 2/3 of the capital of the Asian Development Bank and about half that of the World Bank.
- Jin Liqun is president of AIIB.
