3rd AIIB Annual Meeting to be held in Mumbai

  • The two day 3rd AIIB Annual Meeting will be held on 25th & 26th June, 2018 in Mumbai.
  • Prime Minister Narendra Modi will address the third AIIB conclave in Mumbai.
  • Theme of the event: ‘Mobilizing Finance for Infrastructure: Innovation and Collaboration’
  • The mega event will see the participation of 86 member countries. 
  • The bank with 100 billion dollars deposit provides long-term loans at low interest rates. AIIB has sanctioned 1.2 billion dollars for six infrastructure projects in India. Moreover, projects worth 1.9 billion dollars are under consideration.
  • The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region. The bank currently has 64 member states while another 22 are prospective members for a total of 86 approved members and was proposed as an initiative by the government of China.

Important Question:

  1. 3rd AIIB Annual Meeting will be held at?
  2. Who will address the 3rd AIIB Annual Meeting?
  3. Theme of 3rd AIIB Annual Meeting?
  4. How many countries will participate in 3rd AIIB Annual Meeting?
  5. AIIB headquarters?- Beijing, China