Luxembourg to host 2019 AIIB annual meeting

MUMBAI - The Board of Governors of the Asian Infrastructure Investment Bank (AIIB) announced here on Tuesday that the Fourth AIIB annual meeting will be held in Luxembourg in July 2019.

Luxembourg is a founding member of AIIB, a leading international financial center in Europe and a facilitator of investments between Europe and Asia.

"We want to thank the government and people of Luxembourg for offering to host our annual meeting," said AIIB Vice President and Corporate Secretary Danny Alexander.

"European countries have been strong supporters of the creation of the AIIB. So it is particularly welcome to have this early opportunity to bring all of the bank's members to Europe. This will be a great opportunity for public and private sector representatives from around the world to discuss infrastructure development in Asia and beyond."

"We are honored to become the first non-regional member of AIIB to host the bank's annual meeting," said Luxembourg Finance Minister Pierre Gramegna.

"We look forward to welcoming you all to Luxembourg City next year and making the 2019 event a great success."

The first AIIB board of governors annual meeting was held in Beijing, China in 2016, with the second in Jeju, South Korea in 2017 and the third in Mumbai, India in 2018.