DOHA, Sept. 30 -- THE Asian Infrastructure Investment Bank (AIIB) has concluded its 11th Annual Meeting in Qatar, officially announcing that the Republic of Azerbaijan will host the banks 12th Annual Meeting in 2027.

At a handover ceremony held at the conclusion of the meeting and witnessed by Tanzanias Minister for Finance and AIIB Governor, Ambassador Khamis Mussa Omar, Qatars Minister of Economy, Al-Kuwari, handed over the chairmanship gavel to Azerbaijans Governor, Mikayil Jabbarov.

The ceremony marked the end of Qatars hosting of the annual meeting and the beginning of preparations for the 2027 gathering in Azerbaijan.

Governor Jabbarov said Azerbaijan was well prepared to host the meeting, noting that the country had extensive ex...