ASEAN’s finance ministers on May 11 approved a plan to set up an ASEAN Infrastructure Fund (AIF) with an initial capital of 800 million USD.
The project was one of the priority topics that were discussed at the ASEAN Finance Ministers’ Meeting (AFMM) on the sidelines of the 43 rd annual meeting of the Asian Development Bank in Uzbekistan in early May.
At the meeting, the finance ministers also discussed the setting up of the Macro-economic and Financial Surveillance Office (MFSO) as well as its budget and the funding for the ASEAN+3 Macro-economics Research Office(AMRO).
The meeting also proposed that China, Japan and the Republic of Korea join the AIF and appointed Malaysia to host consultations for the ASEAN+3 countries./.
The project was one of the priority topics that were discussed at the ASEAN Finance Ministers’ Meeting (AFMM) on the sidelines of the 43 rd annual meeting of the Asian Development Bank in Uzbekistan in early May.
At the meeting, the finance ministers also discussed the setting up of the Macro-economic and Financial Surveillance Office (MFSO) as well as its budget and the funding for the ASEAN+3 Macro-economics Research Office(AMRO).
The meeting also proposed that China, Japan and the Republic of Korea join the AIF and appointed Malaysia to host consultations for the ASEAN+3 countries./.
