ADB and member nations of the Association of Southeast Asian Nations (ASEAN) established the ASEAN Infrastructure Fund (AIF), a dedicated fund to address the region’s infrastructure development needs by mobilizing regional savings, including foreign exchange reserves. The fund prioritizes ASEAN member countries and provides loans to finance infrastructure investment projects in the transport, energy, water and sanitation, environment and rural development, and social infrastructure sectors.
In 2022, AIF committed a total of $35 million in loan cofinancing through its ASEAN Catalytic Green Finance Facility. The cofinancing supported Cambodia in increasing the climate resilience and sustainability of coastal and marine fisheries in four coastal provinces, Indonesia in transforming its energy sector, and the energy transition of Cambodia.
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Partners Pledge $665 Million to Support Green Recovery in ASEAN
The Government of the United Kingdom, Italian state lender Cassa Depositi e Prestiti, the European Union, and the Green Climate Fund pledged to support low-carbon and climate-resilient infrastructure projects in Southeast Asia.
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Improving Value Chains to Boost Agriculture
ADB, Agence Française de Développement and the ASEAN Infrastructure Fund are helping Cambodia strengthen the agriculture value chains of its most competitive products. Their collaboration will benefit 230 agricultural cooperatives, about 27,000 households, and about 50 agribusinesses.
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