The ASEAN Infrastructure Fund (AIF) is being oriented towards funding green infrastructure projects in the region. The Indonesian Ministry of Finance, which is the current chair of the AIF, announced that the fund will focus on supporting sustainable and environmentally friendly infrastructure projects. The AIF was established to finance infrastructure development in ASEAN countries and currently has a total capitalization of USD 4.4 billion. The shift towards green infrastructure funding reflects ASEAN's commitment to addressing climate change and promoting sustainable development in the region. The ministry hopes that the AIF's focus on green infrastructure will encourage private sector investment in the sector and support ASEAN's economic growth.
Full article: https://en.antaranews.com/news/276834/asean-orients-aif-toward-green-infrastructure-funding-ministry
March 29, 2023
