Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Haikou Jiangdong New Area
InfoQuest

Thai Office of Fiscal Policy: AIIB meeting has discussions on Asia-Europe cooperation

July 16, 2019


Abstract : The fourth annual meeting of Asian Infrastructure Investment Bank (AIIB) held in Luxembourg on July 12-13, 2019.

Infoquest, (July 16, 2019) -- Mr. Pornchai Thiravech, financial economic adviser and spokesman for the Office of Fiscal Policy (FPO) revealed that Mr. Loran Saengsanit, director of the office attended the fourth annual meeting of Asian Infrastructure Investment Bank (AIIB) held in Luxembourg on July 12-13, 2019. The meeting covered the following issues.

1. The theme of the meeting is "Cooperation and Connectivity". This was the first time that the annual meeting was held beyond Asia. Luxembourg was the first European country to join the AIIB.

2. The meeting focused on "cooperation and connectivity" amid various challenges facing the world today, such as the global economic slowdown, trade barriers, geopolitical tensions, and rising borrowing costs. Currently, the need for long-term funds to invest in infrastructure continues to climb, and international cooperation under multilateral mechanisms is an important part for establishing connectivity, especially in supporting high-quality and sustainable infrastructure development under the G20 framework.

3. Significant initiatives dedicated to establishing connectivity among Asian regions and between Asia and Europe were discussed at the meeting too, with digital connectivity at the top of the agenda for the organizer. And attendees exchanged views on the core of building digital connectivity, that is, digital infrastructure.

4. During the meeting, the progresses of undertakings under the AIIB were reported.  So far, the AIIB has approved 45 investment projects in 17 countries, with a total value of 8.48 billion U.S. dollars. Of these, ASEAN countries receiving investment from the AIIB include Indonesia, the Philippines, and Cambodia. The meeting also approved the AIIB membership applications of Benin, Djibouti and Rwanda. And now the AIIB has 100 member states.

5. The next annual meeting of the AIIB will be held in the new AIIB office building in Beijing, China on July 2-3, 2020.

Source: InfoQuest, by Kasamarporn/Rachada, translated by Xinhua Silk Road

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Scan the QR code and push it to your mobile phone

Keyword: AIIB

Reading:

China's economic cooperation with Tajikistan, Kyrgyzstan reaps fruitful results

China Focus: Upbeat notes for China's economy at Summer Davos

AIIB insists on development principle of "quality first": president

AIIB pursues sustainable development, shared benefits: president

Interview: AIIB's membership expansion to 100 reflects int'l community's confidence: president

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial