The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank established in 2016 to support infrastructure projects across Asia. Its primary goal is to promote economic development and improve connectivity in the region by financing projects in sectors like transportation, energy, and urban development. AIIB is headquartered in Beijing, China and has over 100 member countries. The bank aims to foster sustainable development and enhance cooperation among its members, providing a platform for investment and collaboration in infrastructure development to address the growing needs of the region.