The Asian Infrastructure Investment Bank (AIIB) is an international financial institution proposed by the government of China. The purpose of the multilateral development bank is to provide finance to infrastructure projects in the Asia region. AIIB is regarded by some as a rival for the IMF, the World Bank and the Asian Development Bank (ADB) which are regarded as dominated by developed countries like the United States.The United Nations has addressed the launch of AIIB as "scaling up financial for sustainable development for the concern of Global Economic Governance