TNPSC Thervupettagam

5th Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB)

August 2 , 2020 1485 days 724 0
  • 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.

Leave a Reply

Your Comment is awaiting moderation.

Your email address will not be published. Required fields are marked *

Categories