Asian Infrastructure Investment Bank

The Asian Infrastructure Investment Bank is a multilateral development bank established in 2016 with a mission to improve social and economic outcomes in Asia, by investing in sustainable infrastructure and other productive sectors. By bolstering finance for development, the bank promises improved economic security for its member states, most of which have unmet demand for energy and other infrastructure. The new institution represents, however, a challenge to the international system. Along with a series of other new institutions and platforms for engaging with the developing world, the AIIB marks China’s return to great power status, contributing to global governance alongside the United States of America.