Jeju, Republic of Korea, June 16, 2017
India to host 2018 AIIB Annual Meeting
Today, the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) announced that the Bank’s third Annual Meeting of the Board of Governors will be held in Mumbai, India in June 2018.
India is the Bank’s second largest shareholder and is becoming an increasingly important geography for AIIB investments.
"We appreciate the strong support provided by the Indian Government," said AIIB Vice President & Corporate Secretary, Sir Danny Alexander. "It’s fitting that we bring the meeting to India next year, where we can deeply engage with local business and draw on the infrastructure expertise that India can offer."
H.E. Arun Jaitley, Finance Minister of the Republic of India, noted that, "We are honored to become the host country for the third AIIB Annual Meeting. We look forward to welcoming you all to Mumbai next year and making the 2018 event a great success."
The first AIIB Annual Meeting of the Board of Governors was held in Beijing, China in 2016. The second Annual Meeting of the Board of Governors was held in Jeju, Republic of Korea in 2017.
AIIB is a new multilateral development bank founded to bring countries together to address the daunting infrastructure needs across Asia. Headquartered in Beijing, AIIB commenced its operation in January 2016 and has now grown to 80 approved members from around the world. Its mission is to improve economic and social development in Asia by investing in high quality, financially viable and environmentally friendly infrastructure projects.
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AIIB to Transition to New Model For Project Approvals
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