CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which Balkan country became 73rd non-regional member of AIIB(Asian Infrastructure Investment Bank)?
A
Croatia
B
Serbia
C
Bolivia
D
Montenegro
Explanation: 

Detailed explanation-1: -The Mission of the AIIB is to improve social and economic outcomes in Asia. Asian Infrastructure Investment Bank is headquartered in Beijing and started operations in 2016. China is the largest shareholder with 26.61 % voting shares in the bank, followed by India (7.6%), Russia (6.01%), and Germany (4.2 %).

Detailed explanation-2: -28 (Xinhua) – The Asian Infrastructure Investment Bank (AIIB) has approved the application of Nigeria to join the bank, bringing its total membership to 104, 11 of which are from Africa. The AIIB’s African members are responsible for over 60 percent of the continent’s gross domestic product.

Detailed explanation-3: -The Asian Infrastructure Investment Bank’s (AIIB) Board of Governors has approved Mauritania’s application, raising the Bank’s approved membership to 106. Mauritania is now AIIB’s 55th nonregional member, 21 of which are from Africa.

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