ASEAN Infrastructure Fund (AIF)
In the Spotlight
The ninth meeting of the Board of Directors of the ASEAN Infrastructure Fund (AIF) was held on 3 June in ADB headquarters in Manila, Philippines. To date, AIF has processed seven projects with a combined amount of over $300 million on cofinancing with ADB. See the list of AIF board meetings
ADB announced the first disbursement of $120 million under a $600 million results-based lending program to strengthen the electricity grid in Sumatra, after the state-owned power company PLN met the conditions for release of the funds.
The ASEAN Infrastructure Fund (AIF) is an innovative ASEAN initiative administered by ADB that helps mobilize the region's resources for its infrastructure development needs.
In 2011, ASEAN member states and ADB created the ASEAN Infrastructure Fund - the largest ASEAN-led financial initiative in its history - to address the region’s critical infrastructure development needs.
ASEAN is one of the world's most dynamic and fast-growing regions. 2015 marks the launch of the ASEAN Economic Community, a common market comprising over 600 million people. To help ensure continued economic growth, job creation and poverty reduction, the region requires $60 billion in annual investments for road, rail, power, water, and other critical infrastructure.
ASEAN nations possess over $700 billion in foreign exchange reserves, but these funds are being largely invested outside of the region. The ASEAN Infrastructure Fund (AIF) is an innovative ASEAN initiative to mobilize the region's resources for its infrastructure development needs.
The AIF supports ASEAN's Master Plan on Connectivity, which calls for a better-connected ASEAN region that brings people, goods, services and capital closer together.
$485.3millionTotal Equity Contribution Commitments
11Number of Shareholders