2018-05-15 10:10:14 Source: Xinhua News Agency
The Asian Infrastructure Investment Bank (AIIB) is makingefforts to help mobilize more finance for infrastructure projects in SouthAsia, AIIB Vice President and Corporate Secretary Danny Alexander said.
Alexander made the remarks in a recent interview. He highlightedthe important role that infrastructure investment had played in the developmentof some economies in Asia in the 1980s.
"It's no coincidence that the Indian government has madeimproving the infrastructure of India a very important priority because it'sreally crucial for a country to develop economically," he noted.
The third annual meeting of the AIIB's board of governors willbe held here in June.
The first annual meeting was held in Beijing in 2016. The secondmeeting was launched in South Korea's southern resort island of Jeju in 2017.
Officially launched in January 2016, the Beijing-based AIIB is amultilateral development bank initiated by China and supported by a wide rangeof countries and regions, which will provide financing for infrastructureimprovement in Asia.