Luxembourg to host 2019 AIIB annual meet

The Board of Governors of the Asian Infrastructure Investment Bank (AIIB) announced today that the Fourth AIIB Annual Meeting will be held in Luxembourg in July 2019.

Luxembourg is a founding member of AIIB as well as a leading international financial center and a facilitator of investments between Europe and Asia.

“We want to thank the Government and people of Luxembourg for offering to host our annual meeting,” said AIIB Vice-President and Corporate Secretary Danny Alexander. “European countries have been strong supporters of the creation of the AIIB and so it is particularly welcome to have this early opportunity to bring all of the Bank’s members to Europe. This will be a great opportunity for public and private sector representatives from around the world to discuss infrastructure development in Asia and beyond.”

See also  Manmohan Singh slams NDA for ‘messing up’ India’s economy

“Luxembourg is honored to become the first non-regional member of AIIB to host the bank’s Annual Meeting,” said Luxembourg Finance Minister Pierre Gramegna. “I welcome you all to Luxembourg City next year and in making the 2019 event a great success.”

The first AIIB Board of Governors meeting was held in Beijing, China in 2016. The second was held in Jeju, Korea in 2017 and the third was held in Mumbai, India in 2018. The second Asian Infrastructure Forum will be held as part of the 2019 Annual Meeting.

See also  Moody's slashes India's economic growth forecast to 7.7% for 2022

The “Asian Infrastructure Investment Bank” (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond. Headquartered in Beijing, the Bank commenced operations in January 2016 and has now grown to 87 approved members from around the world. By investing in sustainable infrastructure and other productive sectors today, The Bank looks to better connect people, services and markets that over time will impact the lives of billions and build a better future.

See also  Child marriage will not automatically become void: HC

Related Posts

About The Author

Contact Us