Question

Which organization did China establish to promote international development cooperation?

• A. Asian Development Bank (ADB)
• B. Asian Infrastructure Investment Bank (AIIB)
• C. World Bank
• D. International Monetary Fund (IMF)

Answer 1

Answer:

B. Asian Infrastructure Investment Bank (AIIB)

The Asian Infrastructure Investment Bank (AIIB) was founded by China in 2015 with the goal of promoting infrastructure development and regional connectivity in Asia and beyond. Key points: Purpose: Finance projects in energy, transport, urban development, and regional integration. Headquarters: Beijing, China. Significance: Provides an alternative source of development financing in Asia alongside the World Bank and ADB, emphasizing collaboration among Asian countries. The other options: ADB – Established in 1966, headquartered in Manila, led by multiple countries. World Bank – Global institution providing financial and technical assistance worldwide. IMF – Provides monetary cooperation and financial stability, not primarily focused on infrastructure.