Venezuela attends AIIB’s 2nd annual meeting


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AVN.- Venezuela’s state oil company PDVSA is attending the second annual meeting of the Asian Infrastructure Investment Bank (AIIB), from June 16 to 18, in the southern resort island of Jeju, South Korea, with the aim of promoting inclusive and sustainable industrialization and integration between Asia and the rest of the world.
This meeting, under the slogan “Sustainable Infrastructure”, is attended by PDVSA’s finance vice president, Simon Zerpa Delgado, and 2,000 people, including finance ministers and central bank governors of 77 countries.
As part of the agenda, more than 30 national and international companies and organizations will present cutting-edge infrastructure technologies in various sectors such as “smart city, transportation, water resources management, green energy and 5G mobile telephony,” according to South Korea’s Yonhap state news agency.
The Asian Infrastructure Investment Bank was created in 2014 by Chinese President Xi Jinping in an bid to gain a foothold in the global financial order –dominated by imperial forces– to cover part of the financing needs of infrastructure projects in countries of the continent.
Latin American countries like Brazil, Venezuela, Chile, Bolivia and Peru are members of this institution, as well as nations like Armenia, Fiji, Hong Kong, East Timor, Belgium, Canada, Ethiopia, Hungary, Ireland and Sudan.
When Venezuela entered into AIIB last March, the president Nicolas Maduro stressed that through this bank, the nation will have greater access to financing and technical support for the development of projects.
“Our work commissions were negotiating in a number of ways and working with the People’s Republic of China this admission and this will mean access to financial investment, engineering projects for the development of future Venezuela that merits a large contingent of financial resources to have infrastructure, public services and roads,” Maduro stressed.
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