AIIB to Hold 7th Annual Meeting in Russia

The Board of Governors of the Asian Infrastructure Investment Bank (AIIB) announced its seventh Annual Meeting will be hosted by the Russian Federation in 2022.

"With Russia as one of AIIB's largest shareholders, it is time for us to hold our Annual Meeting in such an important Member," said AIIB Vice President and Corporate Secretary Ludger Schuknecht. "Through this event, we expect to establish stronger connections with Russia's business and policy community to help AIIB better serve its Members."

"We are actively working with the Bank to expand our project pipeline in transport, financial and energy sectors. We would like to develop cooperation with the Bank and attract its expertise in green infrastructure projects, healthcare, SMEs inclusion, digitalization in the post-COVID period," said Maxim Reshetnikov, Minister of Economic Development of the Russian Federation.

He also noted that the Bank has already made significant progress in high-quality infrastructure development that is crucial for the economic growth of all member countries in times of growing interdependence among regions.

To date, AIIB has approved two projects in Russia across the finance and transport sectors, totaling USD800 million. The resolution confirming that Russia would host the 2022 AIIB Annual Meeting was made during the Bank's sixth Annual Meeting virtually hosted by the United Arab Emirates.

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow-infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 104 approved members worldwide. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Working with partners, AIIB meets clients' needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.