- Definition: A multilateral financial institution.
- Established in 2016, headquartered in Beijing.
- Objectives:
- Bring countries together to address daunting infrastructure needs across Asia.
- Offer sovereign and non-sovereign financing for sound and sustainable projects.
- Focus on energy, power, transportation, telecommunications, rural infrastructure, water supply, environmental protection, urban development, and logistics.
- Facilitate financing to any member or entity operating in Asia region.