ABSTRACT

Asian Infrastructure Investment Bank [Updated March 17, 2022]   [open pdf - 550KB]

From the Document: "In October 2013, at the Asia-Pacific Economic Cooperation Summit in Bali, Indonesia, China proposed creating a new multilateral development bank, the Asian Infrastructure Investment Bank (AIIB). As its name suggests, the Bank's stated purpose is to provide financing for infrastructure needs throughout Asia. The AIIB has also been active in the response to the Coronavirus Disease 2019 (COVID-19) pandemic and is providing up to $20 billion in support to member countries to support their pandemic responses through the end of 2023. The AIIB's Crisis Recovery Facility (CRF) was created in April 2020, and is supporting various health sector and economic resilience projects. As of February 2022, 46 CRF projects have been approved, totaling $11.6 billion across 25 member countries."

Report Number:
CRS In Focus, IF10154
Author:
Publisher:
Date:
2022-03-17
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
Help with citations