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The Government of Luxembourg announce that Luxembourg’s application to become a prospective founding member of the AIIB has been accepted. Luxembourg thus becomes the first non-regional prospective founding member of the AIIB.
Luxembourg is a reliable partner in international development cooperation and, through its AIIB membership, will further extend its commitment towards multilateral aid mechanisms, in particular in the Asia-Pacific region. The commitment of Luxembourg to support human and economic development in the World is evidenced by a continued level of 1% Gross National Income of official development aid with partner countries worldwide.
Beyond traditional aid programs, the financing of infrastructure is a key factor to create favorable...
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