Southeast Asia launches $1 billion facility for green infrastructure

Published onApril 24, 2019

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.

Source: https://www.thailand-business-news.com/banking/71760-southeast-asia-launches-1-billion-facility-for-green-infrastructure.html