Luxembourg's FinMin hails AIIB achievements

Added On July 15, 2019

Luxembourg's Finance Minister Pierre Gramegna said the AIIB is a real success story.

The minister said Luxembourg's decision to join the AIIB was motivated by three main reasons.
PIERRE GRAMEGNA, Luxembourg's Finance Minister
"The first reason is Luxembourg believes in multilateralism and multilateralism is the only way how you can solve the issues of poverty and the issues of climate change around the world. The second reason why we joined was the focus on green projects on infrastructure that respects the environment and respects the climate change."
PIERRE GRAMEGNA, Luxembourg's Finance Minister
"Third, we have, after the United States, the largest home for investment funds.And all that money can be tapped, can be sourced to help the AIIB realize its objectives."
The finance minister also noted that it was possible to execute a large number of investment plans that support sustainable development over the past three years due to the AIIB's lean management structure and operational efficiency.