The agreement consists of 11 chapters and 60 articles, which outlined the financial share of each member, policy making, business and operational systems, and governance structure. The AIIB is designed to finance infrastructure building in Asia and in line with plans should start its operation by the end of 2015.

The AIIB will have authorized capital of US$100 billion. China, India and Russia are largest shareholders. China will possess 30.34% stake in the bank, India – 8.52% and Russia – 7.5%. Asian countries will contribute up to 75 percent of the total capital and be allocated a share of the quota based on their economic size.

The Beijing-headquartered bank will start operation at the end of the year under two preconditions: At least 10 prospective members sign the agreement, and the initial subscribed capital is no less than 50 percent of the authorized capital. The bank plans to open its regional structures and representative offices. The Director of the AIIB will be elected from representatives of Asian members for five years with opportunity to be re-elected to another five-year term.

It is worth to mention that Uzbekistan is one of the founder countries of new international financial institution.