UPSC Prelims 2019
International Relations
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. AIIB has more than 80 member nations. (Actually, as of April 2024, it has 109 members). Statement 2 is incorrect. India is not the largest shareholder in AIIB. China is the largest shareholder. Statement 3 is incorrect. While the focus is on Asia, several non-Asian countries are members, including some European and South American nations.