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India is going to host the 3rd Annual Meeting of Board of Governors of Asian Infrastructure Investment Bank (AIIB) during 25th - 26th June 2018 in Mumbai. A Memorandum of Onderstanding (MOU) in this regard was signed between the Govt. of India and Asian Infrastructure Investment Bank to delineate the duties and responsibilities of major stakeholders who would be involved in organizing the aforesaid Annual Meeting. The MoU was signed by joint secretary (multilateral institutions division) in the Ministry of Finance Sameer Kumar Khare on behalf of the government of India and AIIB's vice- president and corporate secretary Danny Alexander.
Even though the 3rd Annual Meeting of the AIIB will take place on 25th and 26th June, 2018, the Attendant Meeting of the Board of Directors will take place on 23rd and 24th June, 2018 and preparatory work and ancillary events will take place from 22nd June, 2018 till 27th June, 2018.
The Annual Meeting will bring to Mumbai the delegates from all 80 AIIB Member countries, business leaders, members of civil society organizations and media among others. Prior to the annual meeting, seminars would also be organized in some Indian cities like Delhi, Kolkata, Guwahati, Hyderabad, Chennai, Bangalore & Vishakhapatnam etc. prior to the main Annual Meeting.
The Government of Maharashtra has nominated Maharashtra Industrial Development Corporation (MIDC) as the nodal agency for organising the Annual Meeting.
About AIIB
- Full form of AIIB : Asian Infrastructure Investment Bank
- Type : Multilateral development bank.
- President : Jin Liqun
- Official Language : English
- Mission : To improve social and economic outcomes in Asia and beyond.
- Formed on : 16th January 2016
- Headquarters : Beijing, China
- Members : 80 (58 Actual Members + 22 prospective members)
- Note : India is founding member and also the 2nd largest shareholder in AIIB.
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