Sharm El Sheikh, Egypt—The Board of Governors of the Asian Infrastructure Investment Bank (AIIB) announced that its ninth Annual Meeting will be held in Samarkand, Uzbekistan in September 2024.
A ceremony took place in Sharm El Sheikh, Egypt to mark the end of the 2023 AIIB Annual Meeting and the handover to the host country of the 2024 AIIB Annual Meeting.
Mr. Laziz Kudratov, AIIB Governor for Uzbekistan, Chair of the AIIB Board of Governors for 2024 and host of the 2024 AIIB Annual Meeting, received the gavel in a ceremonial transfer from Dr. Mohamed Maait, AIIB Governor for Egypt,Chair of the AIIB Board of Governors for 2023 and host of the 2023 AIIB Annual Meeting.
“We appreciate the continuing support from both the Governments of Uzbekistan and Egypt,” said AIIB President and Chair of the Board of Directors Jin Liqun. “The AIIB Annual Meetings are an important opportunity to seek invaluable insights and guidance from our shareholders on our Bank’s strategic direction and initiatives. Regular engagement with our shareholders has been essential for promoting transparency and cooperation, which underpins AIIB’s rapid strong growth.”
“The success of our Annual Meetings is due to the unwavering support of our hosts, who generously facilitate engagement and enable open discussions on issues of global concern,” said AIIB Vice President and Corporate Secretary Dr. Ludger Schuknecht.
At the 2023 Annual Meeting of the AIIB, the bank reiterated its support for sustainable development and economic growth of Georgia and the region.
The dignitaries also expressed their appreciation to the people and government of Egypt for hosting the 2023 AIIB Annual Meeting.
To date, the AIIB has approved four projects in Georgia totaling over 350 million USD. The Emergency COVID-19 Response Project and Management and Competitiveness program is designed to mitigate the impact of the pandemic and enhance Georgia’s public health preparedness, while the TBC Bank COVID-19 Credit Line Project, aims to provide liquidity to TBC to assist COVID-19 affected SMEs in Georgia. The AIIB also provided financing to the Batumi Bypass Road project in the West of the country.
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 109 approved members worldwide. Georgia is one of the founding members of the bank. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.
