Though AIIB aims to support the building of infrastructure in Asia and beyond, there is no aim to improve social and economic outcomes. Since its launch in January 2016, AIIB’s approved membership has risen from 57 to 86, expanding its reach within Asia and across the world. Major economies that are not members include Japan and the United States.

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In a historic 7-1 decision, the U.S. Supreme Court decided in Jam v. IFC that international organizations like the International Finance Corporation of the World Bank Group do not enjoy absolute immunity.

The Court’s decision marks a defining moment for the IFC – the arm of the World Bank Group that lends to the private sector. For years, the IFC has operated as if it were “above the law,” at times pursuing reckless lending projects that inflicted serious human rights abuses on local communities, and then leaving the communities to fend for themselves.

This will be the first time the US Supreme Court has addressed the scope of international organisations’ immunity.

Visit here to know all about the case.