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

The online workshop shared information and exchanged views on investment and policy strategies of some multilateral development banks (MDBs) and facilities that can be tapped by governments. It also touched on infrastructure challenges and opportunities in several ASEAN Member States, particularly in the transport and energy sectors.

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

In his remarks, Deputy Secretary-General Singh said that “governments in the region increasingly face significant budgetary constraints in sustaining investments from public sources. This makes it imperative for us to unlock greater alternative infrastructure investment and financing.” 

He further suggested collaboration opportunities between ASEAN and MDBs to promote sustainable infrastructure, including through advancing the Initial Rolling Priority Pipeline of ASEAN Infrastructure Projects; creating enabling environment and addressing sustainability transition agenda; and developing tripartite collaborations involving ASEAN, MDB, and Dialogue Partners in developing sustainable infrastructure capacity building programmes.   

The Master Plan on ASEAN Connectivity (MPAC) 2025 underscores the importance of coordinating resources to deliver support for infrastructure projects in ASEAN. Closer review of the MPAC 2025 implementation reveals that connectivity and infrastructure have an increasing relevance due to the pandemic, particularly in supporting recovery and building resilience.

The workshop aims to foster partnerships between governments, MDBs, export credit agencies (ECAs), and other financial institutions in exploring financing opportunities of infrastructure projects in the post-COVID-19 pandemic period.

More than 140 participants, including officials and representatives from 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

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Industries to Watch Out for Growth in Southeast Asia in 2023

Southeast Asia, or the ASEAN (the Association of Southeast Asian Nations) region as more commonly referred to in Asia, is among the fastest-growing regions in the world. According to the Asian Development Bank (ADB)

Global Woes Cast Shadow over ASEAN+3 Growth

The continuing strict dynamic zero-COVID policy and real estate sector weakness in China and potential recessions in the United States and the euro area are weighing on the region’s outlook.

Thailand Opens Digital Free Trade Hub in partnership with Alibaba

The launch of the digital free trade hub is part of Thailand’s efforts to position itself as one of Southeast Asia’s key logistics centers for trade and e-commerce.