China has chosen a Pakistan based highway construction program for funding through AIIB. Which firm is the co-financer?
A.
IDB
B.
ADB
C.
WB
D.
None of these
Answer: Option B
Explanation:
China-sponsored Asian Infrastructure Investment Bank (AIIB) has chosen a Pakistan based highway construction program among the first batch of projects it will finance.
As of 22 April 2019, the total number of countries approved for membership of AIIB is 100 (Regional Members: 44, Non-Regional Members: 31, Prospective Members: 25).
China is the largest shareholder with 26.06 per cent voting shares in the bank. India is the second largest shareholder with 7.5 per cent followed by Russia 5.93 per cent and Germany with 4.5 per c
Mr. Jin Liqun is the current President. On 16 January 2016, the board of governors of the bank convened its inaugural meeting in Beijing and declared the bank open for business. Jin
On 24 October 2014, twenty-one countries signed a Memorandum of Understanding (MOU) regarding the AIIB in Beijing, China inwhich Pakistan was found as a member of