Sustainable Infrastructure (LIB-SI), the ASEAN Secretariat, the Asian Infrastructure Investment Bank (AIIB) and the Multilateral Cooperation Center for Development Finance (MCDF) have organized a post-Covid-19 infrastructure and linkage in Southeast Asia. : Challenges and Opportunities, 26 April.
Information was shared at the online workshop and views were exchanged on investment and policy strategies of some multilateral development banks (MDBs) and opportunities that could be used by the government. It has also touched on the infrastructural challenges and opportunities of several ASEAN member states, particularly in the transport and energy sectors.
Satwinder Singh, Deputy Secretary General of the ASEAN Economic Community; Urjit R. Patel, Vice President, AIIB’s Investment Operations Zone 1; And MCDF CEO Zhangjing Wang delivered the inaugural address.
In his remarks, Deputy Secretary-General Singh said that “governments in the region are facing significant budget constraints in sustaining investments from a growing population. This makes it essential for us to unlock greater alternative infrastructure investments and financing.”
He suggested opportunities for collaboration between ASEAN and MDB for sustainable infrastructure development, including progress on the ASEAN Infrastructure Project’s initial rolling priority pipeline; Creating enabling environments and tackling sustainable change agendas; And the development of tripartite cooperation involving ASEAN, MDB and dialogue partners in the development of sustainable infrastructure capacity building programs.
The ASEAN Connectivity (MPAC) 2025 Master Plan emphasizes the importance of coordinating resources to support ASEAN infrastructure projects. An in-depth review of MPAC 2025 implementation reveals that there is a growing relevance of connectivity and infrastructure due to the epidemic, particularly in helping to restore and build resilience.
The workshop aims to increase partnerships between the government, MDBs, export credit agencies (ECAs) and other financial institutions to explore opportunities for financing infrastructure projects in the aftermath of the Kovid-19 epidemic.
More than 140 participants, including officials and representatives from ASEAN member states, MDB, ECA and other financial institutions, attended the event.
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