The members of the Asian Infrastructure Investment Bank (AIIB) were enlightened about the Sri Lanka’s economic development agenda during the bank’s annual meeting. Representatives of 46 member countries of the bank participated in this conference and the conference was held in Beijing, China on June 25 and 26.

Finance Minister Ravi Karunanayake, who participated in the conference on behalf of Sri Lanka, explained about all aspects of the ongoing development projects to the participants during his address to the conference.

Karunanayake further explained the facilities those allocated by the government’s 2016 budget for the sustenance of these development schemes. He also described the current development opportunities available in Sri Lanka for foreign investors. In addition, Sri Lanka signed several Memoranda of Understanding (MoU) with other member countries with regard to the AIIB.

The Sri Lankan delegation to the AIIB annual conference was led by Karunanayake. Among the delegates were Deputy Treasury Secretary Chandra Ekanayake and Foreign Resources Department Director General Priyantha Rathnayake.