AIIB, ADB and AIF Strengthen Collaboration on ASEAN Infrastructure Initiatives

The Asian Infrastructure Investment Bank (AIIB) has signed a letter of intent (LOI) with the Asian Development Bank (ADB) and the ASEAN Infrastructure Fund (AIF) to enhance collaboration on sustainable and resilient infrastructure development in ASEAN.

• The LOI focuses on financing high-impact infrastructure projects related to the ASEAN Power Grid (APG) and the ASEAN Catalytic Green Finance Facility (ACGF).
• The partnership involves pooling technical assistance, co-financing, and knowledge sharing in areas including transportation, digitalization, and energy.
• AIIB has a capital base of USD 100 billion and is AAA-rated; AIF has supported projects with $9 billion in capital expenditure across six ASEAN countries.
• Implementation of projects and initiatives is intended to drive connectivity, economic resilience, and sustainable growth in the region.
  The collaboration marks a confirmed advancement for sustainable infrastructure finance and development in ASEAN through multi-institutional cooperation.