CURRENT AFFAIRS

Detailed explanation-1: -The United Arab Emirates (UAE) will host the Sixth Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) with the theme “Investing Today, Transforming Tomorrow” virtually on Oct. 26-28, 2021.

Detailed explanation-2: -Union Minister of Finance & Corporate Affairs Nirmala Sitharaman attended the 7th Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB) via video conference from New Delhi on 26 October 2022.

Detailed explanation-3: -The Board of Governors of the Asian Infrastructure Investment Bank (AIIB) announced that its eighth Annual Meeting will be held in Sharm el-Sheikh, Egypt, on Sept. 25-26, 2023.

Detailed explanation-4: -The theme of the 2022 AIIB Annual Meeting is “Sustainable Infrastructure Toward a Connected World”, which aims to reaffirm infrastructure’s crucial role in supporting recovery, growth and connectivity.

Detailed explanation-5: -Iraq becomes AIIB’s 51st regional member, bringing the Bank’s approved membership to 105 in total.