News

VP of AIIB pays courtesy call on President

Vice President and Chief Investment Officer of the Asian Infrastructure Investment Bank (AIIB) Dr. D. J. Pandian has paid a courtesy call on President Abdulla Yameen Abdul Gayoom.

During the call held Thursday morning at the President’s Office, the President and the Vice President of the AIIB discussed on the potential projects that the Maldives may wish to seek AIIB financing.

The AIIB is an International Financial Institution that aims to support the building of infrastructure in Asia-Pacific region.

The bank has 57 Member States (all “Founding Members”) and was proposed as an initiative by the Government of China.

On 31 December 2014, the Maldives was accepted as the 23rd Prospective Founding Member of the AIIB based on unanimous consensus of existing Prospective Founding Members of AIIB.