The Asian Infrastructure Investment Bank will hold its landmark inaugural annual meeting this weekend in Beijing, with hundreds of development leaders and stakeholders expected to flock in the Chinese capital to discuss the present and future of the world’s newest multilateral institution.
The Asian Infrastructure Investment Bank will hold its inaugural annual meeting this weekend in Beijing, China — just six months after its official launch of operations — with the theme of "partnership for infrastructure development." Here are a few things we can expect from the event in Beijing.
The bank, with $100 billion in paid-in capital, is expected to be a major force in development financing and implementation not only in the Asia-Pacific region but also in the rest of the world. But AIIB’s journey — from the proposal by Chinese leader Xi Jinping almost three years ago to the bank’s official launch of operations at the start of this year — was not a straightforward affair.
Devex looks at the institutional timeline of the Beijing-based bank — from conception, to establishment, to operation — over the last three years. These are some of the milestones that have made (and still make) AIIB a unique multilateral institution in the global development community.
Do you know of any other AIIB milestone not included in this timeline? Let us know by leaving a comment below. And stay tuned for more Devex on-the-ground coverage of AIIB’s inaugural annual meeting in Beijing, China, from June 25 to 26.
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