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It was held virtually under the theme of Connecting for Tomorrow.
The meet saw the re-election of Jin Liqun of China as AIIB President.
Currently, India has a 7.65% vote share in the AIIB, while China holds 26.63% stake in the organisation.
During the meet, the Board of Governors approved the application of Liberia to join the Bank.
AIIB has grown from 57 founding members to 103 approved members.
The sixth Annual Meeting will be held in Dubai, United Arab Emirates (UAE) in 2021.
It will be the first annual meeting in the Middle East.