Luxembourg, December 11, 2018
Focus on Cooperation and Connectivity at AIIB Annual Meeting in Luxembourg
Luxembourg will host the Asian Infrastructure Investment Bank’s (AIIB) first Annual Meeting outside of Asia on July 12-13, 2019. The theme of the 2019 Annual Meeting is “Cooperation and Connectivity” in recognition of the economic and social benefits to be realized through better connectivity within and between countries and regions, including Europe and Asia.
The Memorandum of Understanding for the 2019 Annual Meeting was signed in Luxembourg by Pierre Gramegna, Minister of Finance of Luxembourg, and Sir Danny Alexander, Vice President and Corporate Secretary of AIIB.
"As a leading EU financial center with longstanding expertise in sustainable finance and an innovative approach to digitalization, Luxembourg looks forward to hosting delegates from around the world interested in cooperating to guide and finance the sustainable infrastructure of tomorrow," said Minister Gramegna. "The 2019 Annual Meeting will provide a great opportunity for Europe’s financial leaders to contribute to the dialogue on developing innovative financing solutions to better connect Asia and Europe."
The 2019 Annual Meeting will bring together AIIB’s Governors and Directors to engage with delegations from members, prospective members, partner institutions, business leaders, civil society and experts from a range of fields. The dialogue will focus on how cooperation and strategic investments in sustainable infrastructure can contribute to deeper integration and stronger economic growth via enhanced and strengthened connectivity. Furthermore, with Luxembourg as the host of major European institutions, including the European Investment Bank and the European Stability Mechanism, the 2019 Annual Meeting presents an opportunity for greater dialogue on the importance of multilateral cooperation between AIIB and its European partners.
A series of lead-up events will be held in the first half of 2019 at the Luxembourg Chamber of Commerce and also in other European AIIB member countries, with the objective of cultivating more consensus around infrastructure development and finance, as well tightening the ties between AIIB and its stakeholders in Europe.
"The potential of sustainable infrastructure is not limited to the region it is located, and further cross-border cooperation will only strengthen international trade and contribute to fighting climate change," said Alexander. "The 2019 Annual Meeting in Luxembourg is a great opportunity for European countries to contribute to the dialogue around the benefit of multilateral relations and market integration. As a global center of finance and innovation, Luxembourg is the perfect location for the Bank’s first annual meeting in Europe."
The second Asian Infrastructure Forum will also be held as part of the 2019 Annual Meeting. The forum is focused on creating connections and business development opportunities for participants from the Greater Luxembourg Region and beyond, drawn from project sponsors, financiers, project delivery companies and governments.
Visit aiib.org/annualmeeting for more information on the 2019 Annual Meeting and previous annual meetings.
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, we began operations in January 2016 and have now grown to 87 approved members worldwide. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.
About the Ministry of Finance of the Grand-Duchy of Luxembourg
In 2015, Luxembourg was the first European country to sign up as a founding member of AIIB. The Bank has chosen Luxembourg as the location of its fourth Annual Meeting, taking place from July 12-13, in Luxembourg City.
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