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.
Beijing, December 19, 2017
AIIB Approves Membership of Cook Islands, Vanuatu, Belarus and Ecuador
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Beijing, December 16, 2017
UK Government Pledges US$50 million to AIIB Project Preparation Special Fund
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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