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The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that was founded in 2016. The bank's mission is to promote economic development in Asia by investing in infrastructure projects. The AIIB is headquartered in Beijing, China, and has 102 member countries. The bank's authorized capital is $100 billion, and it has approved over $20 billion in loans for infrastructure projects in Asia. The AIIB is a key player in the development of Asia's infrastructure, and it is expected to play an increasingly important role in the region's economic development in the years to come.

AIIB's stated goals are to foster sustainable economic development, create wealth and improve infrastructure connectivity in Asia. The institution's authorized capital is a massive $100 billion, with $20 billion already approved in loans for infrastructure projects across the continent. AIIB's founding members include China, India, and Russia, and its operations are overseen by a 12-member board of directors.

AIIB has been praised for its focus on sustainable development and its commitment to working with other international organizations. However, the bank has also been criticized for its close ties to the Chinese government and its potential to be used as a tool of Chinese foreign policy.

Despite these criticisms, AIIB is expected to play an increasingly important role in the development of Asia's infrastructure. The bank's large capital base and its focus on sustainable development make it a valuable partner for countries in the region. AIIB is also likely to play a key role in the development of the Belt and Road Initiative, a Chinese-led infrastructure project that aims to connect Asia with Europe and Africa.

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