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30 May 2017
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JAPAN
Japan revises infrastructure exports strategy
26 May 2017


In a bid to win overseas infrastructure development projects, the Japanese government is revising its strategy for promoting infrastructure exports. The government has set a goal of Japan Inc. exporting JPY30tr (USD268bn) worth of infrastructure packages by 2020. Based on the draft strategy, Japan will seek to get involved in infrastructure projects as early as the development phase, then it ewill contribute to a project over the long term, and even after construction is completed. The revised plan calls for focusing on electricity, railroad and telecommunications projects and comes as Japan continues to struggle to win overseas infrastructure development projects.
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TIMOR LESTE
ADB remains committed to Timor Leste
25 May 2017


The Asian Development Bank (ADB) remains committed to its long term partnership and development partnership with Timor Leste. James Lynch, Deputy Director General of ADB’s Pacific Department, said the ADB has worked closely with the government to promote inclusive economic growth, contribute to poverty reduction, assist capacity building of public institutions, and support sustainable economic development. ADB has been providing development assistance to Timor-Leste since 1999 and has approved 15 loans and grants totaling USD342.77m, and 49 technical assistance projects totaling USD42.03m.
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PHILIPPINES
Philippine bank lends record USD8.6bn to farmers, fishermen in Q1
24 May 2017


Government-owned Land Bank of the Philippines (Landbank) extended a record P434.4bn (USD8.6bn) to the country's small farmers, fishermen, and other priority projects in the first three months of this year. The amount of loans in Q1 was 12% higher compared to the same period last year. Landbank’s priority borrowers include small farmers and fishermen; micro, small and medium enterprises (MSMEs); agri-aqua projects of local government units (LGUs) and state-run firms, and national government projects. Landbank president and chief executive Alex Buenaventura said the bank remains focused on its efforts toward fulfilling its mandate to serve marginalized sectors in the countryside.
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SAUDI ARABIA
Islamic Development Bank to revamp operations
23 May 2017


The Islamic Development Bank (IDB), the non-profit group that has extended USD86.1bn in financing in the past decade, has announced plans to revamp its operations. According to reports, the IDB's plan includes shifting away from small-scale capital interventions to more sustainable, grassroot-level support. The bank's financing in the past 10 years includes investments for energy, transportation, water and sanitation projects in Bangladesh, Pakistan and Egypt, among other countries. IDB president Bandar Hajjar said the bank needs to shift away from providing individual, small-scale interventions to value chain solutions. Saudi Arabia is the largest shareholder of the IDB with 23.5% of share capital subscription, followed by Libya, Iran, Nigeria and the United Arab Emirates.
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BANGLADESH
JICA to continue infrastructure development in Bangladesh
26 May 2017


The Japan International Cooperation Agency (JICA) will continue its cooperation with the government of Bangladesh, said JICA president Shinichi Kitaoka. The JICA head further assured Bangladesh that his organization will contribute to infrastructure development and education. Japan, he said, will never stop cooperation with Bangladesh especially given that the Japan is very much satisfied with the security measures in place in the Southeast Asian country. He also appreciated Bangladesh's achievements in its millennium development goals. Bangladesh prime minister Sheikh Hasina said the country's GDP growth reached 7.24% in the outgoing fiscal year, which was up from the 7.11% in the previous fiscal year.
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MYANMAR
IFC support sought for Myeik tourism infrastructure
26 May 2017


Myanmar's tourism ministry is seeking assistance from the International Finance Corporation (IFC) for the upgrade of infrastructure in Myeik archipelago. The infrastructure support will help boost sustainable tourism in the area, according to a Taninthryi development committee, the region in which the archipelago is located. The Myeik archipelago is made up of a cluster of more than 800 largely untouched islands that hold huge potential as a draw for international visitors. U Yan Win, chair of Myanmar Tourism Federation said that aside from seeking IFC support, it will also invite international investors who are interested in the Myeik tourism industry and its infrastructure development.
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VIETNAM
ADB signs USD50m annual trade finance deal with Vietnam
26 May 2017


More Vietnamese small and medium enterprises (SMEs) stand to benefit from the trade finance program of the Asian Development Bank (ADB). Recently, the ADB's Trade Finance Program (TFP) and two Vietnamese banks - An Binh Joint-Stock Bank and Tien Phong Commercial Joint-Stock Bank - have signed a deal that provides up to USD50m annually to support trade finance in Vietnam. ADB's Head of Trade Finance, Steven Beck, said the program aims to help Vietnam and Vietnamese businesses expand trade opportunities, increase competitiveness, and promote trade-led inclusive growth. To date, TFP has supported USD8.2bn in trade through 5,814 transactions covering both guarantees and direct funding in Vietnam.
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VIETNAM
Vietnam calls on Republic of Korea to invest more in infrastructure
25 May 2017


The Vietnamese government has called on the Republic of Korea (RoK) to increase its investment in the country, especially in renewable energy and infrastructure, among others. Prime Minister Nguyen Xuan Phuc said Vietnam is determined to implement effectively the free trade agreement with the RoK. He proposed that the RoK help Vietnam access credits from the International Development Association (IDA) after 2017. Park Won-soon, Special Envoy of the RoK’s President Moon Jae-in, said his country is keen to develop cooperation with Vietnam in economics, trade, investment and people-to-people exchanges. Vietnam seeks to achieve its bilateral trade target of USD100bn with the RoK by 2020.
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NEW ZEALAND
New Zealand to invest extra cash in infrastructure
25 May 2017


The New Zealand government predicts a NZ$1.62bn (USD1.14bn) surplus in the year to June and plans to invest the extra cash in infrastructure to fuel its growing economy. The government earlier announced NZ$11bn in spending on infrastructure including road, rail, prisons, and housing over the next four years. Finance Minister Steven Joyce said the better-than-expected result was helped by strong corporate taxes and because some government spending on reconstruction after November's earthquake has yet to take place. For the year to June, New Zealand forecasts a NZ$2.85bn surplus.
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PAKISTAN
Pakistan coal power project inaugurated
25 May 2017


The first unit of Sahiwal Coal Power Project, which will add 660 megawatts of electricity to the national grid in Pakistan, was officially inaugurated on 25 May. The coal power project is one of the early harvest projects of the China-Pakistan Economic Corridor (CPEC). The project comprises two coal-based power plants with a total capacity of 1,320 megawatts. The power plant is expected to start generating 1,320 megawatt from the first week of June this year, which is six months ahead of the planned schedule. The Punjab government had extended the loan facility to Pakistan Railways for construction of spur line from nearest railway station to the project site and coal was being successfully transported to the project site.
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BANGLADESH
Bangladesh needs strong bond market to finance infra projects
24 May 2017


To meet the financing demands of large infrastructure projects, Bangladesh needs to develop a strong bond market, according to analysts. The bond market will not only help meet the financing gap, but also have a positive impact on the lives of the citizens of Bangladesh, according to MA Mannan, state minister for finance and planning. The country's infrastructure investment requirement is 7% of GDP, but current investment stands at less than 3%. Manna said everyone should work together to establish a financial system that will provide various avenues for financing large infrastructure projects.
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JAPAN
India, Japan to develop OBOR-like corridor
23 May 2017


India and Japan are planning to develop a corridor that would connect South Asia with Africa, similar to the Silk Road project that China is currently promoting. India did not participate in the Beijing held summit on the One Belt One Road (OBOR) initiative while Japan has not yet joined the China-led Asia Infrastructure Investment Bank. At the inception stage now, the Asia-Africa growth corridor will link South Asia with Africa through Chabahar Port in Iran being developed by India with support from Japan. Last year, Indian Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe discussed their joint initiative on connectivity and other infra related projects in Africa.
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BANGLADESH
China-financed Bangladesh tunnel project to begin work in June
23 May 2017


The 3.4km long Karnaphuli Tunnel project in Bangladesh will start work in June, with international consulting group Cowi awarded the contract to check the design and construction of the tunnel. The USD530m project is primarily financed by the Chinese through Export-Import Bank of China under the One Belt One Road initiative. IT forms part of a 20km highway aimed at enabling growth and development in a region of Bangladesh known for a textile production. In June, works on the 500m of tunnel approach structures and working shaft structures will begin. This will be followed by work on access roads and viaduct in early 2018 and run to 2021.
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INDONESIA
China, Indonesia ink loan deal for high-speed railway project
23 May 2017


The loan agreement for the USD4.5bn high-speed railway project in Indonesia has officially been signed by both China and Indonesia, according to China's top economic planner. The agreement was signed between China Development Bank (CDB), the country's top policy lender, and a Sino-Indonesian consortium called Kereta Cepat Indonesia China (KCIC). The loan agreed upon in the deal would make CDB the largest investor in the project that reportedly will cost a total of USD5.5bn, although the cost could rise to USD5.9bn after some new designs. The 142-kilometer high-speed rail will be built by KCIC using Chinese technology, standards and equipment, with the project expected to be completed in three years.
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SOUTH KOREA
Korea to host AIIB board of governors meeting
23 May 2017


About 1,500 participants are expected to attend the 2nd Asian Infrastructure Investment Bank (AIIB) Annual Meeting of the Board of Governors that South Korea will host. The event, to be held in the tourism island of Jeju, will attract delegations of the 57 founding members and also new members joining this year, international organizations, infrastructure businesses and financial institutions, media, and academia, among others. It will be held on 16-18 June. The first AIIB Board of Governors meeting was held in Beijing on 25 June, 2016. The AIIB, which has capital of about USD100bn, has approved loans worth USD2bn to support 13 projects in various countries.
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MYANMAR
PPP projects to boost infra development in Myanmar
22 May 2017


Public and private partnership (PPP) projects will ensure a uniform rate of development among countries in ASEAN, especially in Myanmar. U Pyi Soe Htin, Executive Director of the International Banking Division of the Asia Green Development Bank, said that PPP projects will improve infrastructure, transportation and electricity in countries like Myanmar. Countries that have benefited from implementation of PPP Projects such as Thailand and Malaysia, were supported by the Asian Development Bank in funding technical and research development projects, he said. In Myanmar, the the PPP projects that need urgent attention are in the fields of transportation, electricity, and infrastructure, U Pyi So Htin said.
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PHILIPPINES
Philippines to convert state-owned lender to infrastructure bank
22 May 2017


The Philippine government-owned Development Bank of the Philippines (DBP) will be converted into a bank focused on the infrastructure sector. This was the pronouncement of the country's Department of Finance (DOF) to support President Rodrigo Duterte’s “build, build, build” policy. Finance Secretary Carlos Dominguez III said the DBP lost its way for a few years and so the finance department wants to redirect it to become more like the Development Bank of Japan. He added that the DBP as an infrastructure bank can help its clients raise funds for projects by tapping the capital markets. Japan's Daiwa Securities Group Inc, which is a joint venture partner in the DBP, said it is happy to help the DOF convert the DBP into an infrastructure bank.
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SRI LANKA
Major water project in Sri Lanka gets ADB support
21 May 2017


A major government water resources project in Sri Lanka has received support from the Asian Development Bank (ADB). The project, which seeks to provide irrigational and potable water to the country's dry zone, will finance about 260 kilometers of new and upgraded canals, tunnels, reservoirs, and other irrigation infrastructure by 2024. It will divert untapped water from the Mahaweli River to feed the tanks and reservoirs in the northern dry zone to provide irrigational water all year round. The ADB said reliable flows of water will encourage farmers to move into higher-value crops, leading to higher incomes. The project will also provide safe and reliable drinking water to northern towns and villages.
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PHILIPPINES
Vis-Min transmission line interconnection project seeks AIIB funding
21 May 2017


The Philippines is exploring financing options with the Asian Infrastructure Investment Bank (AIIB) for the Visayas-Mindanao transmission line interconnection project that could cost about USD1bn to undertake. The Department of Energy and the National Transmission Corporation (TransCo). Energy Secretary Alfonso Cusi, however, said the government is not limiting its financing options to the AIIB. Another multilateral lending agency the government has had preliminary talks with is the World Bank, according to the energy secretary. TransCo President Melvin Matibag indicated that the Visayas-Mindanao Interconnection Project could be pursued either through a government-to-government deal or via a public-private partnership arrangement. The link-up completion is targeted in year 2020.
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AZERBAIJAN
ADB may join multinational gas pipeline construction
21 May 2017


The Asian Development Bank (ADB) is open to financing the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline construction. This was according to Chin Choon Fong, senior advisor at the Central and West Asia Department of the ADB. The bank has served as the TAPI transaction advisor since 2014 and provided more than USD4m in technical assistance grants. Chin, however, said it is too early to discuss what parts of the project the ADB may be involved in. TAPI will make it possible to deliver gas from Turkmenistan, which ranks fourth in the world for its gas reserves, to large and promising markets of South and Southeast Asia.

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FINANCIAL TIMES
Finance will create new alliances across Asia
Benefits of rivalry include an increase in Japanese lending
May 2017
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ASIAN CENTURY INSTITUTE
Race to finance Asia's infrastructure heats up
The competition between institutions to bridge Asia’s financing gap is both good news and bad. John West reports from the ADB’s annual meeting in Yokohama.
May 2017
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GENERAL ASSEMBLY OF THE UNITED NATIONS
Making finance work for Sustainable Development in Asia and the Pacific
Statement by the President of the United Nations General Assembly, H.E. Peter Thomson, at the High-level side event of the 2017 ECOSOC Financing for Development Forum on “Making finance work for Sustainable Development in Asia and the Pacific”
May 2017
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GOVERNANCE OF CLIMATE CHANGE FINANCE TO BENEFIT THE POOR AND VULNERABLE IN ASIA PACIFIC
Country reports on Climate Public Expenditures and Institutional Reviews (CPEIR) and Climate Change Financing Frameworks

May 2017
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DEVEX
Asia-Pacific Climate Finance Fund aims to be broader, flexible
May 2017
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ASIAN DEVELOPMENT BANK
Infrastructure Financing Modalities in Asia and the Pacific: Strengths and Limitations
Global infrastructure finance is changing with the return of project finance, renewed interest in alternative financing options, and the evolution of public-private partnerships.
April 2017
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OECD DEVELOPMENT MATTERS
Opportunities and Challenges in Southeast Asia, China and India
Strong growth – averaging 6.2% per year – is expected in Emerging Asia (Southeast Asia, China and India) over 2017-21, though trends vary across the region...
April 2017
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ASIAN DEVELOPMENT BANK
Asian Development Outlook 2017: Transcending the Middle-Income Challenge
Developing Asia has continued to perform well, even as recovery in the major industrial economies remains weak. The region is forecast to expand by 5.7% in 2017 and 2018, nearly the 5.8% growth achieved in 2016.
April 2017
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HKTDC RESEARCH
China and Vietnam's Ambitions Converge in BRI Infrastructure Projects
Despite their differences, China and Vietnam both have much to gain under the ambitious Belt and Road Initiative
April 2017
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Chief Network Engineer
African Development Bank Group
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New Development Bank
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Asian Development Bank
Asian Development Bank Headquarters

 
 
 
 


 
 

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