Question to the HM Treasury:

To ask Her Majesty's Government what involvement the UK has with the Asian Infrastructure Investment Bank.

The UK became a founding member of the Asian Infrastructure Investment Bank (AIIB) in 2015, with a 3.18% shareholding, representing a capital contribution of $3.05 billion (of which 20% will be paid-in over five years, and 80% is callable).

The Chancellor of the Exchequer represents the UK at the AIIB Board of Governors. The UK also holds one of the 12 seats on the AIIB Board of Directors, representing the Wider Europe Constituency (Denmark, Hungary, Iceland, Norway, Poland, Sweden, Switzerland and the UK).

The UK is an active and committed shareholder of the Bank, in pursuit of the UK’s objectives of supporting economic growth in Asia, deepening economic ties globally, supporting the development of international financial institutions, and creating opportunities for British businesses.