Uzbekistan to take part in the Annual Meeting of the Board of Governors of ABII
Tashkent, Uzbekistan (UzDaily.com) -- On 11-13 July 2019, the next Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (ABII) will be held in Luxembourg.
The meeting participants will discuss aspects of expanding international cooperation aimed at strengthening macroeconomic stability, building a system for sustainable financing of infrastructure projects, as well as current challenges and challenges facing member countries in the context of integrated development.
The delegation of Uzbekistan headed by Minister of Investment and Foreign Trade Sardor Umurzakov will also take part in the work of the Asian Investment Forum, the key meeting event. The key topics of discussion will be the interconnectedness and integration of Europe and Asia through intercountry infrastructure investments and the construction of global value chains. The forum is also expected to attend the management of ABI from Italy, China, Pakistan, as well as the bank’s management.
In addition to participating in the main business program, the delegation plans to hold a separate plenary session on Uzbekistan, revealing the country’s investment attractiveness in terms of implementing infrastructure development projects and improving the quality of life of the population and reflecting the real picture of changes and reforms in the country’s economic situation.
Bilateral meetings of the delegation of Uzbekistan with representatives of member countries will be held on the forum’s fields: experience and vision of successful cooperation with the bank will be exchanged and the possibilities of intercountry cooperation in implementing joint initiatives will be discussed.
The Asian Infrastructure Investment Bank is an international financial institution established in 2014, whose main objectives are to promote the development and economic integration of the Asia-Pacific region, as well as to promote financial cooperation and financing infrastructure projects. Uzbekistan is a member of the AIIB since its creation in October 2014. The authorized capital of the bank is 100 billion dollars. The largest shareholders are China (26.06%), India (7.5%) and Russia (6.54%).