Economy

Asean regional fund for infrastructure needs

PTI Manila | Updated on May 03, 2012 Published on May 03, 2012

The Association of South-East Asian Nation (Asean) today announced the region's first and largest financing firm — The Asean Infrastructure Fund (AIF) — to finance the critical infrastructure needs of the region with an initial equity of $485 million.

“This is a watershed moment for Asean nations working together to finance infrastructure projects that will boost trade, foster economic growth and create more job opportunities for the half a billion people who call Asean their home,” said Mr Rajat Nag, Managing Director General of ADB.



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Published on May 03, 2012
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