BEIJING With $100 billion in capital and a staff of 500, the Asian Infrastructure Investment Bank was formally launched on Dec. 25 and seeks to make its first loan as early as spring 2016.
The Beijing-based multilateral lender aims to help Asia build roads, power grids and other essential infrastructure. It will hold the first meetings of its board and executive council on Jan. 16-18. The AIIB counts 57 founding members.
