Luxembourg and Asian Infrastructure Investment Bank share common commitment to promoting sustainable development
Held on 12 and 13 July 2019, the Annual meeting explored “Cooperation and Connectivity”, highlighting the economic and social opportunities afforded by better national and regional connectivity. Leading panelists discussed a number of issues related to sustainable investment including the Future of Sustainable Finance in Asia, Energy Infrastructure in a Decarbonized World, Paris Agreement Commitments as well as Cross-Border Connectivity and the Challenges of Dispute Resolution.
EFS participated in the 2019 Annual Meeting’s as an exhibitor, joining KPMG, business law firm Wildgen SA, the Luxembourg Chamber of Commerce and the Luxembourg Maritime Administration to showcase the advantages of Luxembourg as a ship registry and ship finance jurisdiction.
Over 1,500 participants from 97 countries participated in Annual Meeting in Luxembourg which brought together the AIIB’s Governors, Directors, management and staff and delegations from members, prospective members, partner institutions, business leaders, civil society and experts from a range of fields.
The Asian Infrastructure Forum (AIF) was also held as part of the 2019 AIIB Annual Meeting. The AIF is a business development event focused on creating connections, developing project pipelines and sharing insights on AIIB’s corporate procurement policies and procedures.
About the AIIB
Founded in 2016, the Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, the AIIB has 97 members. Luxembourg was the first non-regional founding member to join the AIIB in 2015.
Guided by its strategic goals and priorities, the AIIB’s Board of Directors has to date approved investments in 40 projects across 16 member regions totaling USD 8.03 billion.
The Bank is focused on investments in sustainable infrastructure and other productive sectors in Asia and beyond, funding projects which help connect people, services and markets.
About Luxembourg and Green Finance
Luxembourg provides a leading international platform for sustainable finance, supporting a range of activities from responsible investment funds and blended finance to green bond listings and environmental, social and governance fund labeling. The Luxembourg Green Exchange, the world’s first and only green exchange, has the largest global market share of listed green bonds.