India will host the 3rd Annual Meeting of the Board of Governors of AIIB at Mumbai on 25th and 26th June 2018.
The Theme of the Annual Meeting, 2018 will be “Mobilizing Finance for Infrastructure: Innovation and Collaboration”.
The Government of India and Asian Infrastructure Investment Bank (AIIB) Secretariat signed the MoU to delineate the duties and responsibilities of major stakeholders who would be involved in organizing the aforesaid Annual Meeting.
India is not only one of the founding members of AIIB but is also the 2nd largest shareholder in AIIB.
Even though the 3rd Annual Meeting of the AIIB will take place on 25th and 26th June, 2018 in Mumbai, 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.
Annual Meeting related 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.
AIIB is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond. Headquartered in Beijing, China, AIIB commenced operations in January 2016.