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. For projects to be financed under the ACGF, the project will need to fulfill key eligibility criteria, particularly: a) financial sustainability indicators (which will be based upon typical project finance targets such as Debt Service Coverage Ratio, etc. With these two initiatives, the AIF will help ASEAN countries meet infrastructure … This document dated August 2011 is provided for the ADB project 45097-001. Peers refer to Singapore registered funds included in the ASEAN Equity Group of Morningstar. Have you read these stories? The ASEAN Infrastructure Fund (AIF) is set to begin its lending operations in the second half of 2013, with a pipeline of around 1 billion USD for infrastructure projects in the next three years. 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. 2. Equity 40% Debt (FX reserves) 60% for infrastructure fund investment in ASEAN continues to partly divert investor attention away from ASEAN, to markets with more sustainable infrastructure programmes. 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. 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. ADB encourages websites and blogs to link to its web pages. 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. FEATURED FUNDS ★★★★★ Axis … 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. The ASEAN Infrastructure Fund (AIF) is set to begin its lending operations in the second half of 2013, with a pipeline of around 1 billion USD for infrastructure projects in the next three years. AIF Operations 4. ASEAN launches rapid assessment on … Linked Documents. ASEAN Infrastructure Fund News and Updates from The Economictimes.com. It invests throughout Southeast Asia, which the fund defines as including China. The money committed to the AIF will allow funding for six or so projects a year to cut poverty, increase trade or boost investment. Correspondingly, investors, governments, developers and other market players are broadening their investment and financing horizons to seize opportunities and catalyse growth. 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. 14.06 % Invest Now. ASEAN Infrastructure Fund: Progress Update Purpose: Information Submitted by: ADB 13th Senior Finance Officials’ Meeting Bagac, Philippines 11-12 June 2015. The bill, which now becomes an Act, was issued as an … The ministers discussed the priorities and development plans of each ASEAN Member State on sustainable infrastructure and smart cities. The initial pipeline consists of 19 identified projects that are expected to attract investments. The ASEAN Infrastructure Fund (AIF) promotes regional infrastructure financing to support the long-term development of countries in Southeast Asia. AIF will lend around $300 million per year in ASEAN. The objective of the AIF is to finance projects that promote infrastructures of development within ASEAN developing country members. The infrastructure projects are in the energy, transport, urban, and water sectors. 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. 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 CapAsia ASEAN Infrastructure Fund III (“CAIF III”) Vintage. The ASEAN Infrastructure Fund is an integral part of ASEAN’s efforts … The US$25 million loan will go towards developing power links and expanding transmission networks from Java to Bali. ACGF is part of the ASEAN Infrastructure Fund and is owned by ASEAN’s 10 member states and the ADB. 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. 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). Myanmar has been approved to join the ASEAN Infrastructure Fund (AIF), a pooled mechanism instituted by all other ASEAN member states and the ADB. Asian Tsunami Fund (4) Apply Asian Tsunami Fund filter . Nifty 11,929.20-41.85. The ACGF is managed by a team in ADB. How Does the ASEAN Infrastructure Fund Work? What are the Benefits of the ASEAN Infrastructure Fund? 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.. 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