TALKING POINT BUILDING ASIA
Infrastructure: as megaprojects start and end on a regular basis, it’s a topic that’s constantly under the spotlight in Asia. But this month it comes into special focus as the Asian Infrastructure Investment Bank (AIIB) holds its third annual meeting on 25 and 26 June.
Since its launch in January 2016, the multilateral development bank has grown from 57 founding members to its current 64 members and 20 prospective members, providing more than US$4.2 billion in loans and helping attract a further US$17 billion from other investors.
Indeed, the role of the private sector is a key topic of this year’s meeting. Under the theme Mobilizing Finance for Infrastructure: Innovation and Collaboration, the meeting will focus on how to facilitate public-private investment, as well as launching a new platform, the Asian Infrastructure Forum.
But the choice of the host city, Mumbai, is also a significant topic of discussion. It’s the first time India, the AIIB’s second-largest shareholder, will host the event – the previous two meetings were held in Beijing and South Korea’s Jeju – and underscores the influential role the AIIB has in the development of the South Asian country’s infrastructure.