The Board of Governors of the Asian Infrastructure Investment Bank (AIIB) announced that its fifth Annual Meeting will be held in Beijing, China in July 2020.

China is among AIIB’s founding members and host to the Bank’s headquarters.

“We appreciate the role of the Government of the People’s Republic of China in initiating the establishment of AIIB and the strong support it has provided since its inception,” said AIIB Vice President and Corporate Secretary Sir Danny Alexander. “By 2020, the Bank would enter its fifth year of operations, with 100 approved members and USD8.5 billion in investments for 45 projects in 18 countries.”

The 2020 AIIB Annual Meeting marks the fifth anniversary of the Bank’s operation and the transition from the start-up phase to the phase for AIIB’s growth and expansion.

Liu Kun, Finance Minister of the People’s Republic of China, said: “We are honoured to host the fifth AIIB Annual Meeting in Beijing and look forward to working with all members in scaling up efforts to build a professional, efficient and clean 21st century multilateral development bank. I welcome you all to Beijing.”

“We very much look forward to the 2020 Annual Meeting in Beijing and to welcoming our governors to the Bank’s new headquarters,” said Alexander.