Date of effectiveness: 12.2013
The Association of Southeast Asian Nations (ASEAN) Infrastructure Fund (AIF) is an innovative ASEAN initiative to mobilize regional resources to finance infrastructure development in ASEAN countries. The AIF helps promote regional infrastructure financing and financial resilience to support the long-term development of ASEAN countries.
AIF aims to upgrade key infrastructure that will strengthen connectivity within the ASEAN region, thus helping to spur increased levels of trade, tourism, and investment. This in turn will support economic growth, new employment opportunities, and poverty reduction. It will provide broader access, especially for the poor, to much needed energy, clean water, and sanitation facilities; and it will improve transportation and mobility.
The resulting time and cost savings and cleaner environment will help enhance business competitiveness and raise living standards in the region. The AIF will also serve as a safe, liquid vehicle for putting the region’s savings to work in well-structured projects, and will help catalyze investments from central banks and the private sector.