It invests throughout Southeast Asia, which the fund defines as including China. 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines. Last week, the ASEAN Infrastructure Fund (AIF) approved a US$100 million loan to finance a power transmission project in Vietnam while giving the green light to several other infrastructure projects in the region.. ASEAN launches rapid assessment on … However, China’s Belt and Road Initiative, for example, has drawn criticism for funding emissions-heavy infrastructure in Southeast Asia. ASEAN governments could convene an Infrastructure Summit to emphasise the Master Plan on ASEAN Connectivity 2025 (MPAC 2025) as a regional blueprint for infrastructure projects in ASEAN, grow initiatives by each ASEAN member state and track sustainable finance flows to power About ADB, how we’re organized, transparency, Projects, publications, products and services, operational priorities, and development knowledge, Countries with operations and subregional programs, country planning documents, Careers, business opportunities, and investor relations, ASEAN Infrastructure Fund: Financing Infrastructure for Growth and Development, Creative Commons Attribution 3.0 IGO License, Guidelines, toolkits, and other "how-to" development resources, Papers or presentations at ADB and development events, Documents produced by, or submitted to, the ADB Board of Directors, Describes funds and financing arrangements, Highlights of ADB's sector or thematic work, Magazines and journals exploring development issues, Brief topical policy issues, Country Fact sheets and statistics, Describes country operations or strategies in ADB members, Memoranda between ADB and other organizations, Climate Change and Disaster Risk Management, Brunei, Indonesia, Malaysia, Philippines East ASEAN Growth Area (BIMP-EAGA), Central Asia Regional Economic Cooperation (CAREC) Program, Indonesia, Malaysia, Thailand Growth Triangle (IMT-GT), South Asia Subregional Economic Cooperation (SASEC), Civil Society/Non-government Organizations, Publication: ASEAN Catalytic Green Finance Facility – An ASEAN Infrastructure Fund Initiative, Information and Communications Technology. What are the Benefits of the ASEAN Infrastructure Fund? ADB also acts as a cofinancier and the lender of record for the ASEAN Infrastructure Fund loans. The McKinsey Global Institute forecasts the need for over $2 trillion in investment in road, rail, port, airport, power, water, and telecommunications infrastructure across ASEAN to maintain economic growth. ASEAN Infrastructure Fund Blogs, Comments and Archive News on Economictimes.com. In 2018, two new facilities were created under the fund: the Inclusive Finance Facility, which will promote inclusive growth among ASEAN countries, and; the ASEAN Catalytic Green Finance Facility, which will spur green infrastructure investments in the region. The Asian Development Bank (ADB) and nine ASEAN countries have recently set up the ASEAN Infrastructure Fund Limited (AIFL) in Malaysia for the purpose of funding the region's infrastructure needs. Examples include renewable energy plants, roads or highways, and transmission and power grid development. Transportation infrastructure Critical to any infrastructure buildout is transportation infrastructure (primary targets for China’s Belt and Road: See chart), write the authors of PWC’s Understanding Infrastructure Opportunities in ASEAN.. “Spending on transport infrastructure is expected to continue to see an increase.” Facebook; Twitter; LinkedIn; Print; Reports and recommendations of the president (RRP) describes the terms and conditions of a project for consideration for approval by ADB. 5Y Return. In 2009, the Firm launched the Islamic Infrastructure Fund, and the third fund, The CapAsia Asean Infrastructure Fund III, … The ASEAN Infrastructure Fund (AIF) is a financing vehicle created to support infrastructure in Southeast Asia. It utilizes the equity and debt (target use of foreign exchange reserves). The issue wasn’t a lack of desire but a lack of access to equity and investment. The ASEAN Infrastructure Fund (AIF) promotes regional infrastructure financing to support the long-term development of countries in Southeast Asia. Project proponents for national and subregional infrastructure projects in ASEAN developing countries can apply for funding to be cofinanced by ADB and the fund. Benchmarks . Petronet LNG 216.00 5.8. 3. The ASEAN Infrastructure Fund (AIF) will be launched in September, during the Informal ASEAN Finance Ministers’ meeting in Washington DC, with initial funding of $485.2 million. FEATURED FUNDS ★★★★★ Axis … ACGF is part of the ASEAN Infrastructure Fund and is owned by ASEAN’s 10 member states and the ADB. The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. JPMorgan Funds – ASEAN Equity A (acc) – USD Class achieved 1st quartile ranking for its 1-year, 2-year, 3-year, 5-year and 10-year performance. Infrastructure investment in ASEAN from 2016 through 2030 is estimated to be about US$2.8 trillion, according to the Asian Development Bank (ADB). All ASEAN Infrastructure Fund-financed infrastructure projects are also cofinanced by ADB funds. WATCH: Infrastructure is the backbone of Southeast Asia’s economic growth, but the region faces a huge investment shortfall of more than $100 billion a year. Nifty 11,929.20-41.85. Dec. 10 – The Asian Development Bank’s new ASEAN Infrastructure Fund (AIF) has granted its inaugural loan to an Indonesian electricity project. Asian Development Fund (1182) Apply Asian Development Fund filter . It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development. To plug this gap, private capital must play a much larger role in financing infrastructure projects. The ministers discussed the priorities and development plans of each ASEAN Member State on sustainable infrastructure and smart cities. The fund's projects are part of ADB's project pipeline, based on ADB’s Country Partnership and Strategy and Country Operations Business Plan with the member countries. In this regard, we welcome the work of the International Platform on Sustainable Finance, and encouraged the relevant ASEAN processes … The ASEAN Catalytic Green Finance Facility (ACGF) aims to leverage the fund’s existing resources to bridge the viability gap for green infrastructure projects and attract private capital into these projects, helping member countries achieve environmental and climate targets. a cash-rich insurance agency may be able to provide funding for some of the gaps “The ASEAN Life Insurance industry manages assets of US$438 billion and this will increase substantially as premiums grow in the years to come. Dec. 10 – The Asian Development Bank’s new ASEAN Infrastructure Fund (AIF) has granted its inaugural loan to an Indonesian electricity project. ASEAN Infrastructure Fund Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. The problem therein lies in financing. 2. Projects should ensure that the local population can have improved access to energy services, clean … ASEAN Infrastructure Fund (AIF) Global Infrastructure Cooperation Conference 2017 4-6 September 2017, Seoul, Korea Mr. Nguyen Ba Hung Trade Specialist Asian Development Bank . ADB's Regional Cooperation and Operations Coordination Division, Southeast Asia Department, is the focal point for the administration of the ASEAN Infrastructure Fund. The initial pipeline consists of 19 identified projects that are expected to attract investments. Sector Focus. The Inclusive Finance (IF) Facility will offer limited concessional loans to members that fall within ADB’s Group A classification. The firm management maintains a commitment to teamwork and collaboration. In this regard, we welcome the work of the International Platform on Sustainable Finance, and encouraged the relevant ASEAN processes … Australia (369) Apply Australia filter . Megatrends such as technological advancements and demographic shifts across ASEAN are fuelling demands for new infrastructures with a strong focus on sustainability. Shareholders include Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Viet Nam, and ADB. Share: Hello stranger, fancy seeing you here… US$100.2 million. With these two initiatives, the AIF will help ASEAN countries meet infrastructure … The AIFL is incorporated as a Labuan company limited by shares under Section 15(3) of the Labuan Companies Act 1990. President gives assent to Taxation and Other Laws bill. To date, the AIF has committed $520 million for nine projects and has a total portfolio size of around $3 billion, including ADB cofinancing. ASEAN Governments 1. ASIA: A fund to finance major infrastructure projects was announced by the Association of Southeast Asian Nations on September 24, with Malaysian finance minister Ahmad Husni Mohamad Hanadzlah saying it would 'help forge the road, rail and energy links the … Opportunities. It also looks into the key factors that are responsible for the infrastructure investment gap. However, some have pointed out that Australia might have other motives for their infrastructure initiative. The inaugural Asia Infrastructure Forum (AIF) will bring together key stakeholders to share their expertise on the most effective and practical strategies to mobilise the capital and promote the innovation that will deliver high quality, sustainable and resilient infrastructure that Asia needs for the future – and discuss how partnerships can be re-energised across the region to turn ideas into reality, … Launched in 2011, the AIF provides lending to sovereign or sovereign-guaranteed projects in the ASEAN region through a funded … To attract more public and private investments for infrastructure, ASEAN introduced the MPAC 2025, with a rolling priority pipeline list of potential ASEAN infrastructure projects and sources of funds 5. Updated: Sep 29, 2020, 11.17 PM IST . of Southeast Asian Nations (ASEAN) region are the China-ASEAN Infrastructure Investment Fund and the newly established Silk Road Fund, both of which have plans to expand operations in the coming years. The infrastructure gap – the difference in required infrastructure spending and actual investment spending – arises due to rapid urbanisation and population growth. The fund, with ADB as its administrator, builds partnerships with other development partners for cofinancing, knowledge sharing and cooperation in the development of the ACGF. South East Asia. Myanmar joins ASEAN infrastructure fund. Equity 40% Debt (FX reserves) 60% Much of ASEAN will find it difficult to fund ambitious infrastructure megaprojects without Chinese participation— this despite rising political concerns about the so-called ‘BRI debt trap’. President gives assent to Taxation and Other Laws bill. The fund provides loans to finance infrastructure investment projects in the transport, energy, water and sanitation, environment and rural development, and social infrastructure sectors. The following tax exemptions have been accorded to AIFL by the … ASEAN Infrastructure Fund Blogs, Comments and Archive News on Economictimes.com. NSE Gainer-Large Cap . The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. The Asian Development Bank (ADB) and nine ASEAN countries have recently set up the ASEAN Infrastructure Fund Limited (AIFL) in Malaysia for the purpose of funding the region's infrastructure needs. ASEAN Infrastructure Fund Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. The fund was started with an initial equity contribution of $485.2 million, with $335.2 million coming from nine ASEAN members and the remaining $150 million provided by ADB, the statement said. The Asean Infrastructure Fund (AIF) financing initiative is set to aid member nations with their infrastructure needs with an individual project lending cap of US$75 million (Bt2.3 billion). Concessional funds from other development partners and climate donors are intended to be raised to support the impact of the ACGF to create a larger pool of funds to deploy, as well as to improve the blended cost of funds available for green infrastructure projects. Background of ASEAN Infrastructure Fund (AIF) Asian Development Bank (ADB) and member countries of ASEAN agreed to establish a dedicated fund to meet some of region’s infrastructure investment needs. Peers refer to Singapore registered funds included in the ASEAN Equity Group of Morningstar. While government spending has traditionally been the main source of infrastructure funding, investments from the private sector are increasingly playing a bigger role in helping to bridge the infrastructure gap in ASEAN. Download 309.45 KB. Have you read these stories? 2013. The Manila-based multilateral lender said Southeast Asia continues to face a funding gap of over $100 billion annually to meet their infrastructure needs. Renminbi capital inflows have also been supportive of private residential and other property developments in ASEAN. Project & Export. ADB is the ASEAN Infrastructure Fund's administrator, and ADB also provides technical support. AIF aims at providing loans up to USD 300 million a year to finance projects contributing to poverty reduction, inclusive growth, environmental sustainability and regional integration. Looking Forward (2009–2021): Supporting Green and Inclusive Infrastructure. ASEAN Infrastructure Fund: Progress Update Purpose: Information Submitted by: ADB 13th Senior Finance Officials’ Meeting Bagac, Philippines 11-12 June 2015. […] The US$25 million loan will go towards developing power links and expanding transmission networks from Java to Bali. As an initial step for pragmatic and substantive cooperation on sustainable infrastructure, the ministers identified 20 ‘Key Cooperation Areas’ and encouraged regular exchanges between ASEAN Member States and ROK at different levels of government and across sectors, including through existing platforms, to promote cooperation in the field of infrastructure. The information was released by the AIF Board of Directors at its meeting on May 1, which took place on the sidelines of the 46th Annual Meeting of the Asian Development Bank (ADB). The ACGF is managed by a team in ADB. The fund’s shareholders include all 10 members of ASEAN as well as ADB. 13.24 % Invest Now. 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines. FEATURED FUNDS ★★★★★ Axis Focused 25 Direct Plan-Growth. 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