Are MDBs Actually Implementing Reforms?
Center for Global Development
A founding UK shareholding in the infrastructure-focused multilateral bank. Most of the UK subscription is callable rather than paid-in capital.
Treasury accounting valuation; not the dollar subscription.
Underlying source ↗Total subscription, combining paid-in and callable capital.
Underlying source ↗Paid-in component reported in AIIB note C15; separate from callable capital.
Underlying source ↗Contingent capital obligation; not cash invested.
Underlying source ↗Accounting values, paid-in capital and funding commitments have different meanings and reporting dates. These figures are not added together.
HM Treasury leads the shareholding and the Chancellor is UK Governor. The UK participates in a multi-country Board constituency.
3 publications relevant to AIIB · Institution-specific research shown first
Center for Global Development
ODI
G20 Capital Adequacy Frameworks Expert Panel
The annual accounts show €275m remained payable at March 2026 under the additional share subscription. The annual accounts report a £562m shareholding value and explain the separate callable-capital obligation.
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