The invention relates to an Ag alloy reflective film for an optical information recording medium, including Ag as a main component, at least one kind of Nd, Gd, Y and Sm in a total amount of more than 0.1 atomic percent and not more than 3.0 atomic percent and at least one kind of W, Mo, V, Zr, Nb and Cr in a total amount of 3.0 to 10.0 atomic percent; an Ag alloy reflective film for an optical information recording medium, including Ag as a main component, at least one kind of Nd, Gd, Y and Sm in a total amount of more than 0.1 atomic percent and not more than 3.0 atomic percent and at least one kind of Ti and Ta in a total amount of 5.0 to 10.0 atomic percent; an optical information recording medium including the Ag alloy reflective film; and an Ag alloy sputtering target having a composition same as that of the Ag alloy reflective film.