India to Host 3rd Annual Meeting of Board of Governors of AIIB

India will host the 3rd Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB) at Mumbai in June 2018. The Theme of the Annual Meeting, 2018 will be “Mobilizing Finance for Infrastructure: Innovation and Collaboration”.

The Government of India and AIIB Secretariat signed the Memorandum of Understanding (MoU) to delineate the duties and responsibilities of major stakeholders who would be involved in organizing the aforesaid Annual Meeting. 
Static/Current Takeaways Important for RBI Assistant Mains 2017 Exam-
  • AIIB is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond. 
  • AIIB Headquarter- Beijing, China, Commenced operations in- January 2016.
  • AIIB President- Mr. Jin Liqun.
Source- Press Information Bureau (PIB)

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