See all projects cofinanced by this fund. 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 … 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 ASEAN Infrastructure Fund is an integral part of ASEAN’s efforts to strengthen regional connectivity. FEATURED FUNDS ★★★★★ SBI Small Cap Fund Direct-Growth. 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. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development. 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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 and the EU welcome the work of the ASEAN Catalytic Green Finance Facility (ACGF) under the ASEAN Infrastructure Fund (AIF) and the work of the European Investment Bank in supporting infrastructure investment in numerous ASEAN member states. ADB also provides loans and grants from Special Funds and also offers grants that help reduce poverty in ADB's poorest borrowing countries. Opportunities. for infrastructure fund investment in ASEAN continues to partly divert investor attention away from ASEAN, to markets with more sustainable infrastructure programmes. FEATURED FUNDS ★★★★★ Axis Focused 25 Direct Plan-Growth. CONTENTS OF PRESENTATION 2 BACKGROUND PROGRESS IN 2013-2014 KEY TASKS IN 2015 SUMMARY . Benchmarks . for infrastructure fund investment in ASEAN continues to partly divert investor attention away from ASEAN, to markets with more sustainable infrastructure programmes. 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 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 2016, five Asia-focused funds closed with US$8.5 billion secured, following US$7 billion secured by 16 funds closed in 2015. Editor in Chief 18 December 2014. 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 Infrastructure Fund Blogs, Comments and Archive News on Economictimes.com. The infrastructure projects are in the energy, transport, urban, and water sectors. AIF will lend around $300 million per year 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. 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, … The ministers discussed the priorities and development plans of each ASEAN Member State on sustainable infrastructure and smart cities. AIF Operations 4. 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. ASEAN Initiative: AIF to channel regional savings into infrastructure development 3. The fund provides financing to sovereign or sovereign-guaranteed projects in the ASEAN region. Dec. 10 – The Asian Development Bank’s new ASEAN Infrastructure Fund (AIF) has granted its inaugural loan to an Indonesian electricity project. Linked Documents. 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. In this regard, we welcome the work of the International Platform on Sustainable Finance, and encouraged the relevant ASEAN processes … 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, … 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 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. 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. 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. Geographic Focus. […] 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. Download 309.45 KB. It also looks into the key factors that are responsible for the infrastructure investment gap. To plug this gap, private capital must play a much larger role in financing infrastructure projects. ACGF is part of the ASEAN Infrastructure Fund and is owned by ASEAN’s 10 member states and the ADB. Outline 1. Financing needs for infrastructure development in South East Asia 2. 3. ); b) clear environmental goals and targets; and c) a roadmap for attracting private capital investments. ASEAN Infrastructure Fund Blogs, Comments and Archive News on Economictimes.com. Examples include renewable energy plants, roads or highways, and transmission and power grid development. 5Y Return. The ACGF is managed by a team in ADB. NSE Gainer-Large Cap . The AIFL is incorporated as a Labuan company limited by shares under Section 15(3) of the Labuan Companies Act 1990. China hopes to gain influence in ASEAN through the fund. 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. CapAsia’s first fund, The South East Asian Strategic Assets Fund, was launched in 2006. 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. The objective of the AIF is to finance projects that promote infrastructures of development within ASEAN developing country members. The money committed to the AIF will allow funding for six or so projects a year to cut poverty, increase trade or boost investment. ASEAN Governments 1. The infrastructure gap – the difference in required infrastructure spending and actual investment spending – arises due to rapid urbanisation and population growth. 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. 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The following tax exemptions have been accorded to AIFL by the … 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.” Australia’s foray into ASEAN’s infrastructure business would probably be welcomed by member state governments looking to fund their projects. The ASEAN Infrastructure Fund (AIF) promotes regional infrastructure financing to support the long-term development of countries in Southeast Asia. ADB also acts as a cofinancier and the lender of record for the ASEAN Infrastructure Fund loans. Historically, Asean has looked overseas for investments, mainly from China and Japan, to make up shortfalls in infrastructure capital. Myanmar has been approved to join the ASEAN Infrastructure Fund (AIF), a pooled mechanism instituted by all other ASEAN member states and the ADB. Infrastructure cooperation between the United States and ASEAN has been going on since the cooperative relationship between Washington and ASEAN began in 1977. What are the Benefits of the ASEAN Infrastructure Fund? Megatrends such as technological advancements and demographic shifts across ASEAN are fuelling demands for new infrastructures with a strong focus on sustainability. This initiative will help ASEAN governments identify and secure funding, with Australia being the bridge between the projects and the investors. With these two initiatives, the AIF will help ASEAN countries meet infrastructure … ASEAN and the EU welcome the work of the ASEAN Catalytic Green Finance Facility (ACGF) under the ASEAN Infrastructure Fund (AIF) and the work of the European Investment Bank in supporting infrastructure investment in numerous ASEAN member states. In 2009, the Firm launched the Islamic Infrastructure Fund, and the third fund, The CapAsia Asean Infrastructure Fund III, … For decades, the economic development of ASEAN member states was hindered by persistent shortages in high-quality infrastructure. Project & Export. Private infrastructure in transportation, energy and water utilities, renewables, telecommunications and social infrastructure Securing foreign direct investment for infrastructure between the 1997 Asian economic crisis and the 2008 global financial crisis was particularly challenging for ASEAN states. Asian Development Fund (1182) Apply Asian Development Fund filter . In this regard, we welcome the work of the International Platform on Sustainable Finance, and encouraged the relevant ASEAN processes … The ASEAN Infrastructure Fund (AIF) is a financing vehicle created to support infrastructure in Southeast Asia. Infrastructure investment in ASEAN from 2016 through 2030 is estimated to be about US$2.8 trillion, according to the Asian Development Bank (ADB). ASEAN needs significant infrastructure investments in the years ahead but the need will outstrip government finance capabilities. The issue wasn’t a lack of desire but a lack of access to equity and investment. 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. 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 US$25 million loan will go towards developing power links and expanding transmission networks from Java to Bali. The CapAsia ASEAN Infrastructure Fund III (“CAIF III”) Vintage. However, China’s Belt and Road Initiative, for example, has drawn criticism for funding emissions-heavy infrastructure in Southeast Asia. Source: J.P. Morgan Asset Management, Morningstar, Inc. Data as at 31.10.2020. 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. 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. Shareholders include Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Viet Nam, and ADB. 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. 5Y Return. The problem therein lies in financing. ASEAN Infrastructure Fund (AIF) Global Infrastructure Cooperation Conference 2017 4-6 September 2017, Seoul, Korea Mr. Nguyen Ba Hung Trade Specialist Asian Development Bank . 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 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. Peers refer to Singapore registered funds included in the ASEAN Equity Group of Morningstar. 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." How Does the ASEAN Infrastructure Fund Work? 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. 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. The bill, which now becomes an Act, was issued as an … The US$25 million loan will go towards developing power links and expanding transmission networks from Java to Bali. Launched in 2011, the AIF provides lending to sovereign or sovereign-guaranteed projects in the ASEAN region through a funded … ASEAN Infrastructure Fund: Progress Update Purpose: Information Submitted by: ADB 13th Senior Finance Officials’ Meeting Bagac, Philippines 11-12 June 2015. Asian Tsunami Fund (4) Apply Asian Tsunami Fund filter . 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.. US$100.2 million. 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. 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. Launched in 2011, the AIF provides lending to sovereign or sovereign-guaranteed projects in the ASEAN region through a funded participation in ADB loans. To date, the AIF has committed $520 million for nine projects and has a total portfolio size of around $3 billion, including ADB cofinancing. 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. 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