Georgia joins Asian Infrastructure Investment Bank opening ceremony in China
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Georgia’s Finance Minister Nodar Khaduri has joined top officials from 57 countries to celebrate opening of Asian Infrastructure Investment Bank (AIIB) in China.
The China-led Asian Infrastructure Investment Bank opened Saturday in China’s capital Beijing.
The 57 member nations, including Georgia, have contributed $100 billion in capital to the AIIB, making it nearly half the size of the World Bank as it begins operations. China provided 30 percent of the new bank's capital, the largest share.
While visiting China Khaduri has met AIIB’s President Jin Liqun to discuss the potential investment projects.
At the meeting Georgia’s Finance Minister expressed his readiness to actively involve in the Bank’s activities.
The AIIB is an international financial institution that supports economic development and improves infrastructure in Asia, supports regional partnerships and establishes tight cooperation with other financial institutions.
Georgia joined the AIIB as a founding country on June 29, 2015. Georgia was the 45th country to join the AIIB.
Georgia became the first country who ratified the founding document of the Bank.
By joining AIIB Georgia will be able to attract preferential financial resources for implementing infrastructural projects.
Supposedly one of the first projects financed by the AIIB will be implemented in Georgia.
Georgia has also hosted the sixth round of negotiations of the AIIB on August 24-25, which elected the Bank’s first president.
At a negotiators’ meeting member shareholders chose Jin Liqun, China’s former Vice Finance Minister, as president-elect of the AIIB.
Georgia has hosted the sixth round of negotiations of the China-led Asian Infrastructure Investment Bank (AIIB), which elected the Bank’s first president.
Top officials from 57 countries will visit Georgia’s capital next month for the first round of negotiations of the China-led Asian Infrastructure Investment Bank (AIIB).
Georgia is joining the China-led Asian Infrastructure Investment Bank (AIIB) as a founding country, giving the nation the chance to attract funds to implement new infrastructure projects.
Georgia and 14 other countries are lining up to join the China-led Asian Infrastructure Investment Bank (AIIB).
Georgia’s geopolitical importance, its role in the New Silk Road project and its free trade agreement with China were some of the things Georgia’s Prime Minister Giorgi Kvirikashvili spoke about in his interview with China Central Television (CCTV).
Asian Infrastructure Investment Bank (AIIB) will offer $114 million to help improve regional connectivity and road transport efficiency in Georgia. With this financial resource the AIIB will contribute to constructing a new bypass road skirting the Black Sea resort city of Batumi.
The second Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) is taking place in South Korea; Georgia’s Finance Minister Dimitry Kumsishvili has joined top officials from 57 countries to attend the meeting.
Georgia and the Asian Infrastructure Investment Bank (AIIB) signed a financial deal about helping Georgia construct the Batumi Bypass Road in the country’s Adjara region, with a $114 million financial resource.
Georgian Finance Minister Lasha Khutsishvili highlighted Georgia’s economic and investment opportunities at the Annual Meeting of the Asian Infrastructure Investment Bank, hosted between Sunday and Monday in Sharm El Sheikh, Egypt, the Ministry said.