ASEAN, ADB launch initiative to support green infrastructure projects
Southeast Asian governments, the Asian Development Bank (ADB) and major development financiers on April 4 launched a new initiative to invest more than 1 billion USD in green infrastructure projects across Southeast Asia.
Latest
| TIN LIÊN QUAN | |
 | ASEAN, Canada enhance partnership |
| ASEAN-Canada Joint Cooperation Committee holds 7th meeting |
The “ASEAN Catalytic Green Finance Facility” initiative was kick-started at a meeting between Thailand’s Minister of Finance Apisak Tantivorawong, ADB President Takehiko Nakao, and senior officials from ASEAN and private sector partners in Chiang Rai, Thailand, on April 4-5.
 |
| Illustrative image. (Photo: ADB( |
It provides loans and necessary technical assistance for sovereign green infrastructure projects such as sustainable transport, clean energy, and resilient water systems.
The facility will mobilise a total of 1 billion USD including 75 million USD from the ASEAN Infrastructure Fund (AIF), 300 million USD from ADB, 300 million EUR (336 million USD) from German Development Bank KfW, 150 million EUR from the European Investment Bank, and 150 million EUR from Agence Française de Développement.
ADB President Takehiko Nakao said that through the facility, ADB will support ASEAN governments in developing green and climate-friendly infrastructure projects that will contribute to fighting climate change, improving the quality of air and water, and reducing environmental degradation across the region.
The facility is part of a new “Green and Inclusive Infrastructure Window” under the AIF, a regional financing initiative established by ASEAN governments and ADB in 2011 and administered by ADB.
| Thai FM calls for actions to develop a sustainable future According to Thai Foreign Minister Don Pramudwinai, Thailand knows that in order to sustain a green development to keep the planet safe for future generations, the ... |
| Norway supports ASEAN’s central role: Ambassador Norwegian Ambassador to ASEAN Morten Hoglund shared with The World and Vietnam Report on the occasion of his visit to Vietnam from April 1-2. ... |
| ASEAN SOM in Thailand looks at important issues Deputy Minister of Foreign Affairs Nguyen Quoc Dung, who is head of Vietnam’s ASEAN SOM, attended the ASEAN Senior Officials’ Meeting (SOM) held in Chiang ... |
(Source: VNA)
Tags:
