The idea to create an Asian-centric multilateral financial institution that focus on the region’s energy, transport and infrastructure development was first mooted by the Chinese government in late 2013. In less than two years, 50 member countries spread across South America, Africa, Europe, Asia and Oceania signed the articles of agreement to establish the Asian Infrastructure Investment Bank (AIIB). The founding members of the AIIB include 16 of the 20 largest economies in the world (except United States, Japan, Canada and Mexico) and nine of the top 10 economies in the European Union (except Belgium).