DHAKA, July 5, 2018 (BSS) -The 4th annual meeting of the Asian
Infrastructure Investment Bank (AIIB) 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,
said a press release of the bank.
Bangladesh is also a founding member of the AIIB.
“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
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.” said the AIIB high official.
“Luxembourg is honored to become the first nonregional 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 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.
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 AIIB commenced operations in January 2016 and
have now grown to 87 approved members from around the world.
By investing in sustainable infrastructure and other productive sectors
today, the AIIB will better connect people, services and markets that over
time will impact the lives of billions and build a better future.