The fourth annual meeting of the Asian Infrastructure Investment Bank (AIIB) was held in Luxembourg on 12-13 July 2019. Themed “Cooperation and Connectivity”, the annual meeting aimed at realizing economic and social benefits through better connectivity within and between countries and regions in Europe and Asia.

Campaigners called on AIIB to uphold its commitment to limit the increase in global temperature to  1.5°C and demanded the bank to develop an action plan to show how it will align its policies with the Paris Agreement. 

AIIB said it is “committed to working together with our peer MDBs to catalyze low-emissions and climate-resilient development in line with the goals of the Paris Agreement, which aims to limit the increase in global temperatures to well below 2°C, pursuing efforts for 1.5°C."