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?

1. 1 only
2. 2 and 3 only
3. 1 and 3 only
4. 1, 2 and 3

Explanation

Statement 1 is correct

• AIIB has 109 members – 94 Full Members and 15 Prospective Members – and is open to accepting additional members (as per official website).
• India is a founding member.

Statement 2 is incorrect

• The primary shareholder in the bank is China, holding the largest share of voting rights at 26.61%, succeeded by India with 7.6%, Russia with 6.01%, and Germany with 4.2%.

Statement 3 is incorrect

• Although the focus is on Asia, the membership also includes several non-Asian countries, such as nations from Europe and South America.

Answer: (a) 1 only; Difficulty Level: Medium