14.06 % Invest Now. To help attract more public and private investments for infrastructure in ASEAN, Master Plan on ASEAN Connectivity (MPAC) 2025 recommended the establishment of a rolling priority pipeline list of potential ASEAN infrastructure projects and sources of funds. 5Y Return. Asian Infrastructure Investment Bank (12) Apply Asian Infrastructure Investment Bank filter . The money committed to the AIF will allow funding for six or so projects a year to cut poverty, increase trade or boost investment. The following tax exemptions have been accorded to AIFL by the … The financing gap or inability to match demand for infrastructure with necessary sources of financing can hinder the delivery of any infrastructure project. 2. When the project is ultimately submitted to the Asian Development Bank (ADB) for approval, it will have the potential to receive an additional US$200 million in loans. ADB encourages websites and blogs to link to its web pages. Benchmarks . The US$25 million loan will go towards developing power links and expanding transmission networks from Java to Bali. The problem therein lies in financing. The ministers discussed the priorities and development plans of each ASEAN Member State on sustainable infrastructure and smart cities. 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 Has Over $2 Trillion Worth of Infrastructure Investment Opportunities. What are the Benefits of the ASEAN Infrastructure Fund? The ASEAN-Australia Infrastructure Co-operation initiative aims to develop a pipeline of high-quality infrastructure projects in ASEAN to attract private and public investments and improve regional connectivity. The China-ASEAN Investment Cooperation Fund, also knowns as the China Asean Fund or CAF, ... -ASEAN Investment Cooperation Fund, and actively explore with other parties the creation of a financing platform for infrastructure development in Asia to fund major projects." The Inclusive Finance (IF) Facility will offer limited concessional loans to members that fall within ADB’s Group A classification. ASEAN Infrastructure Fund Blogs, Comments and Archive News on Economictimes.com. CapAsia’s first fund, The South East Asian Strategic Assets Fund, was launched in 2006. ASEAN Infrastructure Fund Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. 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, … Correspondingly, investors, governments, developers and other market players are broadening their investment and financing horizons to seize opportunities and catalyse growth. See all projects cofinanced by this fund. The infrastructure projects are in the energy, transport, urban, and water sectors. It invests throughout Southeast Asia, which the fund defines as including China. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development. Outline 1. Financing needs for infrastructure development in South East Asia 2. When the project is ultimately submitted to the Asian Development Bank (ADB) for approval, it will have the potential to receive an additional US$200 million in loans. The Manila-based multilateral lender said Southeast Asia continues to face a funding gap of over $100 billion annually to meet their infrastructure needs. NSE Gainer-Large Cap . ADB encourages websites and blogs to link to its web pages. ASEAN Governments 1. Asian Tsunami Fund (4) Apply Asian Tsunami Fund filter . The initial pipeline consists of 19 identified projects that are expected to attract investments. Share: Hello stranger, fancy seeing you here… In 2018, recognizing the need to make infrastructure financing accessible to all, as well as the urgency to mobilize green finance in response to the region’s climate and environmental concerns, two new facilities were created within the fund on a three-year pilot basis: an Inclusive Finance Facility and an ASEAN Catalytic Green Finance Facility. The issue wasn’t a lack of desire but a lack of access to equity and investment. The fund’s shareholders include all 10 members of ASEAN as well as ADB. FEATURED FUNDS ★★★★★ Axis Focused 25 Direct Plan-Growth. With these two initiatives, the AIF will help ASEAN countries meet infrastructure … Projects should ensure that the local population can have improved access to energy services, clean … ACGF is part of the ASEAN Infrastructure Fund and is owned by ASEAN’s 10 member states and the ADB. for infrastructure fund investment in ASEAN continues to partly divert investor attention away from ASEAN, to markets with more sustainable infrastructure programmes. Dec. 10 – The Asian Development Bank’s new ASEAN Infrastructure Fund (AIF) has granted its inaugural loan to an Indonesian electricity project. The firm management maintains a commitment to teamwork and collaboration. To help attract more public and private investments for infrastructure in ASEAN, Master Plan on ASEAN Connectivity (MPAC) 2025 recommended the establishment of a rolling priority pipeline list of potential ASEAN infrastructure projects and sources of funds. Source: EU-ASEAN Business Council. 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The ASEAN Infrastructure Fund is an integral part of ASEAN’s efforts … for infrastructure fund investment in ASEAN continues to partly divert investor attention away from ASEAN, to markets with more sustainable infrastructure programmes. Emphasis on regional projects to support the AEC 2015 goals. The fund project pipeline is confirmed by the respective ASEAN developing member countries through ADB's country programming missions, and must also be approved by the fund's Board of Directors. 3. How Does the ASEAN Infrastructure Fund Work? 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. 2013. 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. look at Green Financing as an option to raise funds. Equity 40% Debt (FX reserves) 60% ASEAN Infrastructure Fund Targets US$13 billion towards ASEAN Connectivity Washington D.C., 30 September 2011 With an aim of leveraging more than US$13 billion in infrastructure financing, ASEAN Finance Ministers, the President of Asian Development Bank (ADB), and Secretary-General of ASEAN signed the ASEAN Infrastructure Fund (AIF) Shareholder Agreement over the weekend in Washington, … 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. Updated: Sep 29, 2020, 11.17 PM IST . 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. Jonathan Bell. The ADB has highlighted the fact that even if reforms were to be carried out by governments in the region with regards to public finances, the public sector could only cover about 50 percent of the total investment. Table 7.4 Infrastructure Loan Amount by Development Partner, 2010-2012 283 Table 7.5 ODA Grants by Sector, 2008-2012 284 Table 7.6 Grant Amount by Development Partner, 2010-2012 286 Table 7.7 Basic Design and Structure of the ASEAN Infrastructure Fund (AIF) 287 Table 7.8 Operational PPP Projects by Sector (as of December 2012) 294 Infrastructure Series Report 1, the first in a three-part series, focuses on the current state of play of infrastructure spending in ASEAN and what is needed in the future. It also looks into the key factors that are responsible for the infrastructure investment gap. 1. The Sustainable Development Investment Partnership has launched an Asean Hub which aims to channel a mix of public, private and charitable money - called blended finance - to fund Asia’s US$26 trillion need for infrastructure by 2030. The US$25 million loan will go towards developing power links and expanding transmission networks from Java to Bali. ASEAN Infrastructure Fund Blogs, Comments and Archive News on Economictimes.com. Megatrends such as technological advancements and demographic shifts across ASEAN are fuelling demands for new infrastructures with a strong focus on sustainability. Launched in 2011, the AIF provides lending to sovereign or sovereign-guaranteed projects in the ASEAN region through a funded … 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). The AIFL is incorporated as a Labuan company limited by shares under Section 15(3) of the Labuan Companies Act 1990. The ACGF was launched in April 2019 under the ASEAN Infrastructure Fund, a dedicated fund established by the ASEAN member nations and ADB. The ACGF is managed by a team in ADB. ); b) clear environmental goals and targets; and c) a roadmap for attracting private capital investments. 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines. 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. 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. Nifty 11,929.20-41.85. President gives assent to Taxation and Other Laws bill. Myanmar has completed all procedures to become the eleventh shareholder of the ASEAN Infrastructure Fund (AIF), joining other Association of Southeast Asian Nations (ASEAN) country members and the Asian Development Bank (ADB). ASEAN Infrastructure Fund Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. ASEAN Initiative: AIF to channel regional savings into infrastructure development 3. Size. FEATURED FUNDS ★★★★★ SBI Small Cap Fund Direct-Growth. Historically, Asean has looked overseas for investments, mainly from China and Japan, to make up shortfalls in infrastructure capital. AIF Operations 4. 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. ADB is the ASEAN Infrastructure Fund's administrator, and ADB also provides technical support. ASEAN launches rapid assessment on … 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. 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.. All ASEAN Infrastructure Fund-financed infrastructure projects are also cofinanced by ADB funds. Linked Documents. Peers refer to Singapore registered funds included in the ASEAN Equity Group of Morningstar. China hopes to gain influence in ASEAN through the fund. US$100.2 million. Due to recent developments in the COVID-19 outbreak, the ASEAN Secretariat would like to announce that, with immediate effect, the ASEAN Resource Centre/Library, ASEAN Gift Shop and ASEAN Gallery are closed to general public until further notice. 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. The money committed to the AIF will allow funding for six or so projects a year to cut poverty, increase trade or boost investment. 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. ADB's Regional Cooperation and Operations Coordination Division, Southeast Asia Department, is the focal point for the administration of the ASEAN Infrastructure Fund. In this regard, we welcome the work of the International Platform on Sustainable Finance, and encouraged the relevant ASEAN processes … The infrastructure gap – the difference in required infrastructure spending and actual investment spending – arises due to rapid urbanisation and population growth. With cofinancing from ADB, AIF will finance +$1 billion in projects. ASEAN Infrastructure Fund (AIF) Global Infrastructure Cooperation Conference 2017 4-6 September 2017, Seoul, Korea Mr. Nguyen Ba Hung Trade Specialist Asian Development Bank . It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development. 1. Fundraising. All ASEAN Infrastructure Fund-financed infrastructure projects are also cofinanced by ADB funds. The ASEAN Infrastructure Fund (AIF) promotes regional infrastructure financing to support the long-term development of countries in Southeast Asia. The ASEAN Infrastructure Fund (AIF) is a financing vehicle created to support infrastructure in Southeast Asia. Infrastructure cooperation between the United States and ASEAN has been going on since the cooperative relationship between Washington and ASEAN began in 1977. 5Y Return. The CapAsia ASEAN Infrastructure Fund III (“CAIF III”) Vintage. ADB also provides loans and grants from Special Funds and also offers grants that help reduce poverty in ADB's poorest borrowing countries. 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines. Renminbi capital inflows have also been supportive of private residential and other property developments in ASEAN. Australia’s foray into ASEAN’s infrastructure business would probably be welcomed by member state governments looking to fund their projects. 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. Asia Pacific Disaster Response Fund (47) Apply Asia Pacific Disaster Response Fund filter . Download 309.45 KB. The objective of the AIF is to finance projects that promote infrastructures of development within ASEAN developing country members. The ASEAN Infrastructure Fund is a dedicated fund established by the ASEAN member nations and ADB to address the ASEAN region's infrastructure development needs by mobilizing regional savings, including foreign exchange reserves. South East Asia. Have you read these stories? Should you have any inquiry, please contact: public@asean.org : ASEAN, Turkey to enhance partnership. It is the largest ASEAN-led financial initiative. President gives assent to Taxation and Other Laws bill. Project proponents for national and subregional infrastructure projects in ASEAN developing countries can apply for funding to be cofinanced by ADB and the fund. 13.24 % Invest Now. Funding the demand . 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To plug this gap, private capital must play a much larger role in financing infrastructure projects. 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. Looking Forward (2009–2021): Supporting Green and Inclusive Infrastructure. Have you read these stories? 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. Asian Development Fund (1182) Apply Asian Development Fund filter . The fund provides loans to finance infrastructure investment projects in the transport, energy, water and sanitation, environment and rural development, and social infrastructure sectors. ASEAN Infrastructure Fund. 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. SEOUL, 18 September 2018 – ASEAN and the Republic of Korea (ROK) agreed to strengthen cooperation on sustainable infrastructure and regional connectivity at the 1 st ASEAN-ROK Infrastructure Ministers Meeting in Seoul on 17 September.. Updated: Sep 29, 2020, 11.17 PM IST . Project & Export. 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 … 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). Asean plans to set up a US$1-billion(Bt33.5 billion)infrastructure fund and will join Japan, China and South Korea in creating a $500-million bond-guarantee fund for investment in the region, Finance Minister Korn Chatikavanij said yesterday. FEATURED FUNDS ★★★★★ Axis … 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. The bill, which now becomes an Act, was issued as an … The China-ASEAN Investment Cooperation Fund, also knowns as the China Asean Fund or CAF, is a USD-denominated offshore multilateral cooperation fund majority owned by financial institutions of the Government of the People's Republic of China. Launched in 2011, the AIF provides lending to sovereign or sovereign-guaranteed projects in the ASEAN region through a funded participation in ADB loans. 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