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NEWS UPDATES Asean Affairs     May 17, 2017  







SDIP set to mobilise infrastructure funding

Cambodia hopes to leverage its membership in the Sustainable Development Investment Partnership (SDIP) to access much-needed funding for large-scale infrastructure development, state officials have said.

SDIP, jointly managed by the World Economic Forum (WEF) and the Organisation for Economic Cooperation and Development (OECD), brings together a community of 35 governments, banks, pension funds and charitable organisations committed to mobilising $100 billion worth of projects that support sustainable and climate-resilient infrastructure.

An Asean hub for the initiative was announced on Friday at the World Economic Forum regional summit in Phnom Penh. The hub is expected to help member countries in the region secure blended finance for sustainable infrastructure investment.

“With Asia constituting approximately 80 percent of the infrastructure funding gap, and the urgent need to increase the role of the private sector in financing the $2.5 trillion required annually to achieve the UN Sustainable Development Goals by 2030, a dedicated SDIP ASEAN Hub is timely,” WEF said in a press release.

Vongsey Vissoth, secretary of state of the Ministry of Economy and Finance, said Cambodia was the first Asean country to become a member of the SDIP, and he expects the new regional platform will help address the Kingdom’s huge need for infrastructure funding.

“The need is now and in the future given the development, growth rate, urbanisation and connectivity with countries and with the region,” he said.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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