Seoul, Republic of Korea, February 27, 2017
AIIB and Republic of Korea sign MOU to launch AIIB 2017 Annual Meeting
The Asian Infrastructure Investment Bank (AIIB/the Bank) and the Republic of Korea (ROK) today signed a Memorandum of Understanding (MOU) finalizing arrangements for the organization of the 2017 AIIB Annual Meeting. This year’s meeting is being co-hosted by the Bank and the Government of the Republic of Korea, and will be held on June 16-18, 2017, in Jeju Island in the Republic of Korea.
The Annual Meeting is the Bank’s flagship event. In recognition of the challenges Bank members face in making infrastructure investments while fulfilling ambitious environmental commitments, this year’s meeting will center on the theme of ‘Sustainable Infrastructure’.
Over 1,500 delegates, including governors from the Bank’s membership, as well as participants from partner institutions, civil society organizations and leading experts from a range of fields, will come together to think anew about how to build a better and more sustainable future.
A dedicated Annual Meeting website www.aiib2017.org will go live tomorrow, and is where interested participants can learn more about the event and also complete their registration.
AIIB Vice President & Corporate Secretary Sir Danny Alexander said, “I am delighted to sign this MOU today and welcome the excellent collaboration we have had with the Korean Government in preparing for AIIB’s first ever event away from its headquarters. I would encourage anyone thinking of attending to visit the Annual Meeting website and to register early.”
H.E. Sang-mok Choi, First Vice Minister of Strategy and Finance (MOSF) of the Republic of Korea, noted that, “the Annual Meeting will serve as a platform for the AIIB to firmly position itself as a multilateral development bank mandated in infrastructure development. The 2017 Annual Meeting will also serve as an opportunity for the Bank to further develop the relationship with Korea and strengthen cooperation with member countries.”
Beijing, December 19, 2017
AIIB Approves Membership of Cook Islands, Vanuatu, Belarus and Ecuador
The Asian Infrastructure Investment Bank’s (AIIB) Board of Governors has adopted resolutions approving four applicants to join the Bank, bringing AIIB’s total approved membership to 84. This round of approved applicants includes two regional and two nonregional prospective members.READ MORE
Beijing, December 16, 2017
UK Government Pledges US$50 million to AIIB Project Preparation Special Fund
Asian Infrastructure Investment Bank (AIIB) President Jin Liqun and United Kingdom (UK) Chancellor of the Exchequer Rt Hon Philip Hammond have signed an agreement for the UK to contribute US$50 million to AIIB’s Project Preparation Special Fund which provides grant support primarily to low income developing member countries to prepare high quality projects.READ MORE
Beijing, December 12, 2017
Together Major Development Finance Institutions Align Financial Flows with the Paris Agreement
The global development agenda is being transformed in fundamental ways. The Sustainable Development Goals (SDGs), agreed upon by the international community, constitute a universal compass, highlighting the need for systemic and collective action for sustainable, equitable and inclusive development for everyone on this planet. The imperative for mobilizing and shifting financial flows, public and private, towards sustainable development was highlighted by the 2015 Addis-Ababa Financing for Development Conference. The Paris Agreement reached at COP21 recognized that all countries and stakeholders must act to combat climate change. Since the Agreement’s entry into force in 2016, the momentum for climate action has become irreversible.READ MORE