ASEAN, AIIB, MCDF promote infrastructure partnership

0

The Lead Implementing Agency for Sustainable Infrastructure (LIB-SI), the ASEAN Secretariat, the Asian Infrastructure Investment Bank (AIIB) and the Center for Multilateral Cooperation for Development Finance (MCDF ) co-hosted a workshop on Post-COVID-19 Infrastructure and Connectivity in Southeast Asia: Challenges and Opportunities on April 26.

The online workshop provided an opportunity to share information and exchange views on the investment strategies and policies of selected Multilateral Development Banks (MDBs) and facilities that can be operated by governments. He also discussed infrastructure challenges and opportunities in several ASEAN member states, particularly in the transport and energy sectors.

ASEAN Economic Community Deputy Secretary General Satvinder Singh; Urjit R. Patel, Vice President, AIIB Region 1 Investment Operations; and Zhongjing Wang, Director General of MCDF, delivered opening remarks.

In his remarks, Deputy Secretary-General Singh said that “governments in the region are increasingly facing significant budgetary constraints to support investments from public sources. It is therefore imperative for us to unlock more investment and alternative financing in infrastructure. »

He further suggested opportunities for collaboration between ASEAN and the MDBs to promote sustainable infrastructure, including advancing the initial priority pipeline of ASEAN infrastructure projects; creating an enabling environment and addressing the sustainability transition agenda; and the development of tripartite collaborations involving ASEAN, MDBs and dialogue partners in the development of capacity building programs on sustainable infrastructure.

The Master Plan on ASEAN Connectivity (MPAC) 2025 emphasizes the importance of coordinating resources to provide support for infrastructure projects in ASEAN. A closer look at the implementation of the MPAC 2025 reveals that connectivity and infrastructure are of growing importance due to the pandemic, especially to support recovery and build resilience.

The workshop aims to foster partnerships between governments, MDBs, Export Credit Agencies (ECAs) and other financial institutions to explore opportunities for financing infrastructure projects in the post-pandemic era of COVID-19.

Over 140 participants, including officials and representatives of ASEAN member states, MDBs, ECAs and other financial institutions, attended the event.

The post ASEAN, AIIB, MCDF, foster partnership in infrastructure appeared first on ASEAN.

source link

Share.

Comments are closed.