ASEAN KEY DESTINATIONS
Asean urged to mobilise private sector for connectivity master plan
At the end of the 7th East Asia Summit (EAS) on Tuesday in Phnom Penh, Cambodia, leaders voiced support for the Phnom Penh Declaration on the EAS Development Initiative, where they urged Asean member states to mobilise private sector resources through public-private partnerships as well as explore ways to set up a regional financing platform for infrastructure development.
The leaders also called on the Asean Secretariat to engage and seek support from EAS participating countries and other external resources towards realising the connectivity master plan.
External parties include the Economic Research Institute for Asean and East Asia (ERIA), United Nations Economic and Social Commission for Asia and the Pacific (Unescap), Asia Development Bank and the World Bank towards, ERIA said in a press release.
Leaders also called for enhancing cooperation on energy, food security and public health-related programmes with the aim of improving the well-being of the region's inhabitants. ERIA and the ADB were called on to work closely with Asean in this respect.
Following calls from East Asian leaders in 2010 and 2011 to devise ways of gauging the progress of regional economic integration, ERIA introduced the Asean Economic Community (AEC) scorecards to evaluate implementation performances of AEC-related measures and their impact on individual Asean member states.
A mid-term review for the implementation of the AEC blueprint was submitted to leaders attending the 21st Asean Summit at the Peace Palace in Phnom Penh earlier this week.
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