Xi Jinping to address AIIB annual meeting of board of governors

Chinese President Xi Jinping will deliver a speech on Tuesday at the opening ceremony of the fifth annual meeting of the board of governors of the Asian Infrastructure Investment Bank (AIIB), Foreign Ministry spokesperson Hua Chunying announced on Monday. 

The meeting will be held via video link, Hua said. 

Last year, the AIIB meeting was held under the theme of "Cooperation and Connectivity," and was hosted outside Asia for the first time in Luxembourg. More than 1,000 AIIB officials, representatives from members and partner institutions, business leaders and experts attended the meeting.

AIIB, officially established in December 25, 2015, is a bank offering sovereign and non-sovereign financing for sustainable projects in energy, power generation, transportation, rural infrastructure, environmental protection and logistics across Asia.

Between January 2016 and 2018, AIIB and the World Bank (WB) had co-financed 10 projects with 3.7 billion U.S. dollars, 1.7 billion U.S. dollars of which came from the former, WB said in a statement.