Southeast Asia nations launch $1 billion green development initiative

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first_imgSoutheast Asia nations launch $1 billion green development initiative FacebookTwitterLinkedInEmailPrint分享Reuters:The Association of Southeast Asian Nations (ASEAN), the Asian Development Bank (ADB) and major financiers on Thursday launched a facility to spur more than $1 billion in green infrastructure investments across Southeast Asia.The facility offers loans and technical assistance for sovereign projects in areas such as sustainable transport and clean energy, the ADB said during the meetings of ASEAN’s finance ministers and central bank governors.“Through the ASEAN Catalytic Green Finance Facility, ADB will support ASEAN governments in developing green and climate-friendly infrastructure projects,” ADB President Takehiko Nakao said in a statement.It will mobilize a total of $1 billion, including $75 million from the ASEAN Infrastructure Fund (AIF), $300 million from the ADB, $336 million from KfW, 150 million euros from the European Investment Bank, and 150 million euros from Agence Francaise de Developpement.ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.More: Southeast Asia launches $1-billion facility for green infrastructurelast_img

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