12 July 2019
The annual meeting of the Asian Infrastructure Investment Bank (AIIB) in Luxembourg, scheduled for Friday and Saturday, will focus on how to enhance connectivity between Asia and Europe, the institution's Vice President Danny Alexander said. According to Alexander, Luxembourg is the ideal place for the institution's first annual meeting in Europe because it is a center of global financing and innovation. This edition of the annual meeting is expected to be attended by over 1,500 representatives and will focus on sustainable infrastructure investment and cooperation, with enhancing connectivity between Asia and Europe high on the list of major topics.
Vice President, Asian Infrastructure Investment Bank, Danny Alexander said "We will continue to grow our membership to expand our projects. The theme of this annual meeting is cooperation and connectivity, precisely to discuss the importance of Europe and Asia working together, the AIIB provides a forum for that. Also here in Luxembourg, we have the European Investment Bank which is an important partner for the AIIB. So by being here in Luxembourg, we can also strengthen that partnership, and work together in the future between the two institutions to invest in projects which promote connectivity and which help to fight climate change. I think those are things that will be great benefits from having this annual meeting here in Luxembourg this week."
Since its launch in January 2016, the AIIB has participated in the construction of 40 projects worth over eight billion U.S. dollars. Alexander said these projects have facilitated connectivity between countries and attracted more private investment in Asian infrastructure construction.
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